Moly ups game in Gulf Alumina M&A race
Published: Wednesday, 09 November 2016
Moly has put forward a higher cash option and a cash plush share option as it seeks to come out on top against rival Metro Mining on the buyout of junior bauxite developer Gulf Alumina – a deal which is crucial for Moly’s shares to resume trading on the ASX.
Australian resource company Moly Mines has
increased its original offer to purchase junior bauxite miner
Gulf Alumina, after rival Metro Mining joined the race for the
In an announcement to the ASX on 8 November, Moly updated
its existing bid by offering an all-cash option of Australian
dollar (A$) 0.63 per...