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.
Dianmin Chen, chief executive officer of Chinese-owned Australian mining group Norton Gold Fields, is bringing the company’s campaign to buy Down Under and AIM-quoted West Australian bullion play Bullabulling Gold (BGL), to the target company’s London shareholders. Norton, which is 82 per cent-owned by Zijin Mining, China’s leading gold producer and second largest copper producer, has put a marginally improved hostile and conditional cash offer of 8 cents (4.4p) on the table. Worth £14 million, on the table, this is the ‘best and final’ offer Norton will make, while it scours the sector for more bid candidates in pursuit of its aim ‘to expand worldwide’.
Filed under:
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Time left: 14:57:29