Reinforces my thinking that there is no bid
MELBOURNE, April 26 (Reuters) - Australia's Discovery Metals Ltd's chief said the company has received no new bid from former suitor Cathay Fortune, and said the Chinese firm's disparaging comments this week were part of an effort to snap up its Botswana copper project cheaply.
Cathay Fortune, Discovery's biggest shareholder, released a letter on Wednesday proposing to make a fresh offer to buy the copper miner as long as Discovery halts a planned equity raising.
"This is an interesting letter to the press, and at this point it's no more than that," Discovery Metals Managing Director Brad Sampson told Reuters by phone from Brisbane.
no bid recieved
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)