The latest update is out from Kin Mining NL ( (AU:PTN) ).
Patronus Resources Limited has announced an on-market takeover bid for all ordinary shares in Matsa Resources Limited, as disclosed in a Bidder’s Statement released to the ASX. Patronus, along with its associates, has acquired a substantial holding of 19.57% in Matsa, influencing its operations and potentially the composition of its board. This acquisition highlights strategic moves by Patronus and its associates, including Deutsche Balaton AG, DELPHI Unternehmensberatung AG, VV Beteiligungen Aktiengesellschaft, and Sparta Invest AG, to control or influence Matsa’s affairs.
More about Kin Mining NL
YTD Price Performance: 18.00%
Average Trading Volume: 1,062,561
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$96.61M
See more data about PTN stock on TipRanks’ Stock Analysis page.