Westgold Resources appears to have no appetite for a bidding war with gold miner Ramelius Resources over explorer Musgrave Minerals, which boasts a high-grade deposit close to both producers’ existing operations in Western Australia.
Westgold said on Tuesday it was not budging on its takeover offer for Musgrave Minerals in response to what the Musgrave board considers a superior offer from Ramelius.
Loading...
Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
