There is was an article in the Australian this Tuesday titled "Aeris Resources eyes buyout of listed rival Aurelia Metals". The article states:
"The $346m Australian base and precious metals producer Aeris Resources is believed to be contemplating a buyout of its listed rival Aurelia Metals.DataRoom understands that Aeris is in the process of selecting an investment bank to offer mergers and acquisitions advice about a potential play for the company."
Aurelia Metals was cheap last week at 11 cents per share. But Aurelia's share price is now 16.5c due to all the takeover speculation. The hotcopper Aurelia (AMI) forum has a discussion titled "I hope we get 40 cents". I hope Aeris stays away. Aeris can expand organically simply by developing Golden Plateau, Constillation, and Stockman.
Aeris Resources eyes buyout of listed rival Aurelia Metals
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Mkt cap ! $188.6M | |||
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