Apollo Consolidated (ASX: AOP)

Ramelius Resources has increased its bid for Apollo Consolidated by 6 c to 62c, cash and scrip split.

The bid has been recommended by the board, and it appears Ramelius have purchased Gold Road’s 19.9% so unless there is a higher bidder, this should go through unopposed.  {…}

 

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Apollo Consolidated	ASX : AOP
Stage	Exploration
Metals	Gold
Market cap	A$178 m   @ 60 c
Location	Kalgoorlie, Western Australia

 

Apollo Consolidated bidder Ramelius Resource outbids Gold Road by 6c to A$0.62 cash and scrip deal.

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Ramelius Resources has increased its bid for Apollo Consolidated by 6 c to 62c, cash and scrip split.

The bid has been recommended by the board, and it appears Ramelius have purchased Gold Road’s 19.9% so unless there is a higher bidder, this should go through unopposed.

 

To read the full Apollo Consolidated news release, please click HERE

 

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To read the Ramelius Resources Bidder’s statement, please click HERE

 

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Disclosure

At the time of writing the author holds Apollo Consolidated shares bought in the market on the day of purchase.