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The latest announcement is out from New World Resources Limited ( (AU:NWC) ).
New World Resources Limited has announced that its board recommends shareholders accept Kinterra Capital’s offer to acquire all New World shares at $0.067 per share, contingent on Kinterra’s interest exceeding 30% by July 24, 2025. This recommendation follows Central Asia Metals PLC’s decision not to match Kinterra’s revised offer. The board believes no superior proposal is likely to emerge and plans to accept the offer for shares they control, aiming to benefit all shareholders. The termination of the Bid Implementation Deed with CAML will result in a break fee payable to CAML.
The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.
More about New World Resources Limited
New World Resources Limited is a company operating in the mining industry, primarily focusing on copper, gold, and zinc projects in the United States, including the Antler Copper Project in Arizona and the Tererro Copper-Gold-Zinc Project in New Mexico.
YTD Price Performance: 272.22%
Average Trading Volume: 27,252,833
Technical Sentiment Signal: Buy
Current Market Cap: A$239.6M
For an in-depth examination of NWC stock, go to TipRanks’ Overview page.