EFD, which comprises Provident Capital Partners, Saratoga Investama and Merdeka Copper Gold, now owns just 24.91% of the Indonesian copper miner.
This morning it declared its offer unconditional, with director David Fowler again raising doubts about Finders’ finances and operational performance, painting of a picture of a company that was in significant peril once the bid closed.
"We announced our intention to take over Finders Resources five months ago. Finders has had ample time to secure a white knight, but the reality is that no alternative bidders have emerged.
"Provident tried to sell its stake but could not find a buyer. Finders performance has deteriorated significantly since then."
He again criticised Finders’ "highly theoretical a...