In a Target Statement made to the ASX, Spectrum Metals’ Board has unanimously urged its shareholders to accept the friendly take-over bid by Ramelius Resources. The ASX300 listed company’s implied offer of 15 cents per Spectrum share is a serious 70% increase to its 30-day volume weighted average share price of just over 8 cents. Ramelius’ offer represents an implied value of about $231m for Spectrum’s Penny West gold project.
27/02/2020 - 14:22
Spectrum urges shareholders to accept Ramelius offer
By Matt Birney
27/02/2020 - 14:22
Related Data & Insights
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Rank Company Revenue 107th Spectrum Metals $3.3m 134th Chalice Mining $1.3m 135th Centaurus Metals $1.3m 137th European Metals Holdings $1.3m 138th Jindalee Lithium $1.3m 598 listed resources wa companies ranked by revenue.
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