DATAROOM: Vault and Regis lead running for Bellevue Gold
The $3bn Vault is believed to be self-advised in the competition and sources say the motivating factor for the West Australian gold miner is that its Deflector gold and copper mine, 450km north of Perth, which produces about 139,000 ounces of gold, is at the end of its life. Its King of the Hills processing facility near Leonora, 900km northeast of Perth, is also known to be a challenging asset.However, sources believe Regis Resources is the front runner to buy Bellevue after putting forward a low ball offer for Ravenswood gold mine that excluded it from the competition for the Queensland mine.The only other bidder was understood to be United Tractors, out of Indonesia.
VAU Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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