By Steve Moore | Thursday 31 October 2013
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.
AIM-listed, Indonesia-operating gold company Archipelago Resources (AR.) has announced that a 58p per share offer from major shareholder PT Rajawali, an Indonesia-based regional investment company, has now gained valid acceptances of 74.38% of the shares to which the offer relates and that Rajawali now has an 87.92% shareholding. The following updates on the situation at a company I first looked at on this website with the shares at 48.5p in April.
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