re: Ann: Binding Cash Offer Received for West...
If you can read, and have any idea about the company you buying shares in, I don't know how you could have been burnt
Original announcement from 5th Feb, first paragraph:
"Coppermoly Limited (ASX / POMSOX: COY) advises that it received a binding, all cash offer from a private equity group for the purchase of 100% of the West New Britain Project (Exploration Licences 1043 – Nakru, 1077 – Simuku and 1445 – Talelumas)."
100% - what is unclear about that??? COY only own 28% post the Barrick farm-in. I'm pretty sure the management is not that imcompetent, that if they received as cash offer for higher than the current market cap to simply reject it
COY Price at posting:
3.8¢ Sentiment: Hold Disclosure: Not Held
