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Herald shares reverse early fall after Antam bid

Mon Jun 2, 2008 9:08pm EDT

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SYDNEY, June 3 (Reuters) - Shares in Herald Resources Ltd HER.AX reversed an early 2 percent drop to move higher on Tuesday after Indonesian miner PT Aneka Tambang Tbk (Antam) (ANTM.JK) and its partner, China's Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060.SZ), raised their offer for Herald. For details [ID:nSYD41888].

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By 0103 GMT, Herald shares were up 0.4 percent at A$2.80 while the benchmark S&P/ASX 200 index .AXJO was down 0.6 percent. ($1=A$1.05) (Reporting by Denny Thomas)

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