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Discovery woes continue

Discovery Metals’ long-suffering shareholders will keep a close eye on Singapore-listed Blumont this week after the Singapore Exchange put the group into a trading halt on Friday.

Sarah Thompson, Anthony Macdonald and Gretchen Friemann

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Long-suffering Discovery Metals shareholders will keep a close eye on Singapore-listed Blumont this week after the Singapore Exchange put the group into a trading halt on Friday.

Blumont is involved in the $US108 million ($114 million) recapitalisation of Discovery, which owes about $150 million to the banks that funded its Boseto copper project in Botswana.

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Original URL: https://www.afr.com/policy/discovery-woes-continue-20131007-ija2l