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Venus Metals Corporation Limited ( (AU:VMC) ) has issued an announcement.
Venus Metals Corporation Limited has released a target’s statement in response to an unsolicited takeover bid by QGold Pty Ltd for all the shares it does not already own. The Venus board unanimously recommends rejecting the offer, citing that it offers no premium and undervalues Venus’s assets, including its interests in the Youanmi Gold Project and Rox Resources Limited. Shareholders are advised to ignore the offer to maintain potential upside in Venus’s projects.
The most recent analyst rating on (AU:VMC) stock is a Hold with a A$0.18 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 operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that include gold and other valuable minerals, with a notable interest in the Youanmi Gold Project.
Average Trading Volume: 565,851
Technical Sentiment Signal: Buy
Current Market Cap: A$39.52M
For detailed information about VMC stock, go to TipRanks’ Stock Analysis page.