July 30, 2018 / 1:31 AM / 10 months ago

BUZZ-Australia's Jervois Mining falls after taking stake in eCobalt Solutions

** Shares of cobalt developer Jervois Mining Ltd fall as much as 4.1 pct to A$0.350

** Company buys nearly 5 pct of shares in eCobalt Solutions Inc, which is developing a high-grade cobalt mine in the United States, days after two large shareholders of the Canadian company called for a management overhaul

** Australia-based funds Tribeca Investment Partners and Regal Funds Management last week called for management change at eCobalt or the launch of a sales process, saying ongoing mine development delays were wasting a windfall from high demand from battery sector

** Stock posts biggest intraday pct fall in nearly two weeks

** Shares of Jervois had fallen 43.9 pct this year, as of last close

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