Bellevue Gold flags takeover talk after bad hedges force $156m raise
Bellevue Gold has been targeted by several unsolicited takeover approaches and appointed a team to review future bids, the struggling miner said, after tapping shareholders for $156 million following another production downgrade.
The embattled West Australian group has been caught out by the soaring price of gold, and will use more than $110 million of the cash raised to escape from forward hedging contracts agreed for an average of $US2135 ($3370)
Ann: Successful completion of A$156.5M institutional placement, page-22
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Last
88.0¢ |
Change
-0.060(6.38%) |
Mkt cap ! $1.299B | |||
| Open | High | Low | Value | Volume |
| 95.0¢ | 95.5¢ | 88.0¢ | $12.80M | 14.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11612 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 801 | 1 |
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| Last trade - 16.19pm 23/06/2025 (20 minute delay) ? |
| BGL (ASX) Chart |