The Mutiny Gold (ASX:MYG) and Doray Minerals (ASX:DRM) planned union continues to advance, with MYG's board unanimously recommending the offer in a target statement.
The offer has DRM acquiring all of the shares of MYG, (1 DRM for 9.5 MYG shares).
Currently, Doray has a stake of 18.68% of Mutiny.
In late October when the deal was announced, this valued MYG shares at $0.054, or an enterprise value of $44 million.
MYG closed last night at $0.03.
Since DRM announced the takeover, its shares have dropped by over 40% as the price of gold has traded lower.
The companies have said that the merger with create a leading, mid-tier high-grade Western Australian gold company with substantial growth prospects and forecasts annualised production of around 160,000 AuEq from commissioning of the Deflector Project.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.13 |
Change
0.030(2.74%) |
Mkt cap ! $104.9M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.13 | $1.12 | $24.57K | 21.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2187 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 2000 | 1 |
View Market Depth
| Last trade - 10.53am 30/07/2025 (20 minute delay) ? |
| MYG (ASX) Chart |