Caspin Resources shareholders out $20m on BHP-OZ Minerals deal
Spare a thought for shareholders in Caspin Resources, the ASX-listed rump of the company that once owned a half stake in the sought-after West Musgrave nickel and copper project now owned by BHP.
Caspin hit the boards in late 2020 after Cassini Resources, the half-owner of West Musgrave, split out its other assets and folded into OZ Minerals, which already owned the other 50 per cent of the project. Importantly, Caspin was given the right to receive a potential payment from OZ Minerals if the company ever sold all or part of West Musgrave.
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