GGG offer 'grossly inadequate': Auzex

AUZEX Resources has hit back at joint venture partner GGG Resources, describing its partner’s rationale for launching a takeover bid as flawed, adding that if ownership of the Bullabulling project is to be consolidated, Auzex should be the parent entity after it initially introduced the UK-based company to the project.

GGG offer 'grossly inadequate': Auzex GGG offer 'grossly inadequate': Auzex GGG offer 'grossly inadequate': Auzex GGG offer 'grossly inadequate': Auzex GGG offer 'grossly inadequate': Auzex

Auzex currently manages the 50:50 JV from Perth, as Alternative Investment Market-listed GGG is based in Manchester, and said the offer introduced risks.

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