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New World Resources Limited ( (AU:NWC) ) has provided an update.
New World Resources Limited has entered into a revised proposal with Central Asia Metals Plc (CAML) for the acquisition of its entire issued share capital. CAML has increased its offer price to A$0.053 per share, valuing New World at approximately A$197 million, representing a significant premium over recent trading prices. The proposal includes an alternative off-market takeover offer, providing New World shareholders with an additional option if the Scheme is not approved. The funding from CAML will assist New World in meeting bonding requirements for its Arizona projects, and the company’s directors unanimously recommend shareholders vote in favor of the Scheme.
The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.
More about New World Resources Limited
New World Resources Limited is a company operating in the mining industry, focusing on copper, gold, and zinc projects primarily located in the United States, including the Antler Copper Project in Arizona and the Tererro Copper-Gold-Zinc Project in New Mexico.
Average Trading Volume: 22,482,319
Technical Sentiment Signal: Buy
Current Market Cap: A$185.8M
For detailed information about NWC stock, go to TipRanks’ Stock Analysis page.