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Venus Metals Corporation Limited ( (AU:VMC) ) has provided an update.
Venus Metals has issued a first supplementary target’s statement in response to QGold Pty Ltd’s on-market takeover bid, providing an updated independent valuation of its Sandstone (Bellchambers) Gold Project and reiterating its opposition to the offer. Independent valuer Templar Corporate has assigned a preferred valuation of $4.39 million to the Sandstone (Bellchambers) project, within a range of $3.46 million to $4.89 million as at 31 December 2025, and the board continues to unanimously advise shareholders to reject QGold’s bid, arguing the offer was made at a nil premium and that Venus shares have been trading above the offer price on the ASX.
The most recent analyst rating on (AU:VMC) stock is a Hold with a A$0.20 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 resources company focused on gold exploration and development, with key assets including the Sandstone (Bellchambers) Gold Project in Western Australia comprising a granted mining lease and associated exploration licences in which it holds majority ownership interests.
Average Trading Volume: 604,114
Technical Sentiment Signal: Buy
Current Market Cap: A$38.53M
For detailed information about VMC stock, go to TipRanks’ Stock Analysis page.