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Shares in Abra Mining Ltd (ASX:AII) jumped over 20 per cent yesterday after it unanimously recommended a $57.5 million dollar cash takeover offer from its largest shareholder, China’s Hunan Nonferrous.
Hunan Nonferrous holds a 74.2 per cent stake in the junior minerals explorer and has offered $0.40 per share to acquire all the shares that it does not already own.
Abra says the offer represents an attractive premium and offers its shareholders a certainty of value.
On Monday shares in Abra Mining rose 23.33 per cent to close at $0.37.
In the year to 30 June 2010 Abra Mining booked a net loss of $986,000.
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Last
$6.65 |
Change
0.080(1.22%) |
Mkt cap ! $56.81M | |||
| Open | High | Low | Value | Volume |
| $6.59 | $6.70 | $6.58 | $60.08K | 9.003K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $6.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.65 | 4954 | 1 |
View Market Depth
| Last trade - 15.43pm 11/09/2025 (20 minute delay) ? |
| AII (ASX) Chart |