New Murchison Gold (ASX: NMG)
It has been reported in the Australian newspaper and on some social media platforms that New Murchison Gold has received an offer from Meeka Metals for all the shares in the company.
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Crown Prince drilling – Courtesy of New Murchison Gold
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| New Murchison Gold | ASX: NMG | |
| Stage | Development | |
| Metals | Gold | |
| Market cap | A$178 million @ A$0.17c | |
| Location | Murchison, Western Australia | |
| Website | www.newmurchgold.com.au |
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New Murchison Gold Knock Back Meeka Offer
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New Murchison Gold (ASX: NMG) It has been reported in the Australian newspaper and on some social media platforms that New Murchison Gold has received an offer from Meeka Metals for all the shares in the company.
This does not surprise me as the deal looks to make sense, and now would be the time to make an offer before NMG gets production started and the shareprice moves uowards,
Whilst not yet confirmed it looks opportunistic and I hope NMG will turn down such an offer if it is receieved.
The Diggers and Dealers Conference starts today in Kalgoorlie, so we may hear more during the show.
Recent Noosa Conference New Murchison Gold Presentation, click HERE
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.To View New Murchison Gold’s historical news, please click here
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in New Murchison Gold.
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