Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Minority shareholders in Australian gold play Bullabulling Gold (BGL) have until 28 July to accept the £14.5 million cash takeover bid from Chinese-owned Norton Gold Fields, which has now emerged with 55.92 per cent of the AIM and Down Under-quoted company’s shares. Managing director Brett Lambert is leaving the Bullabulling board, which will now have as two new non-executives Dr. Dianmin Chen, Norton’s managing director, and Dr. Noel White, a non-executive director of Norton.
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