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Venus Metals Corporation Limited ( (AU:VMC) ) has provided an announcement.
Venus Metals Corporation Limited has issued a second supplementary target’s statement in response to QGold Pty Ltd’s revised on-market takeover bid for all Venus shares it does not already own or control. Despite QGold increasing its offer price from A$0.17 to A$0.21 per share, declaring the offer last and final, and extending the offer period to 30 January 2026, the Venus board continues to unanimously advise shareholders to reject the bid by taking no action. Concurrently, Venus released its interim financial report for the half-year to 31 December 2025, including an updated independent valuation of its key royalty asset and an overview of its financial position, information that may influence shareholder assessment of the adequacy of QGold’s offer and underscores the board’s view that the bid does not reflect the company’s underlying asset value.
The most recent analyst rating on (AU:VMC) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Venus Metals Corporation Limited stock, see the AU:VMC Stock Forecast page.
More about Venus Metals Corporation Limited
Venus Metals Corporation Limited is an Australian-listed resources company engaged in mineral exploration and development. The company focuses on advancing its portfolio of mining and royalty assets, with its valuation and financial position closely tied to the performance and prospects of these key resource projects.
Average Trading Volume: 621,414
Technical Sentiment Signal: Buy
Current Market Cap: A$42.48M
For detailed information about VMC stock, go to TipRanks’ Stock Analysis page.