Prosperity Minerals argues its case on AWC deal

The iron ore trader Prosperity Mineral Holdings (PMH) has seen a sharp rise in its stock price after clarifying the reasons for a 15.8m pound investment.

The iron ore trader Prosperity Mineral Holdings (PMH) has seen a sharp rise in its stock price after clarifying the reasons for a 15.8m pound investment.

In February the firm announced it was spending the money on acquiring a 5% stake in a company called All Wealthy Capital, (AWC), a holder of iron ore assets in Malaysia.

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