CAPITAL MARKETS

We bought, we sold, we Conquest

CONQUEST Mining has made an end run around North Queensland Metals' refusal to engage with its takeover offer, picking up a 40% stake in NQM's Pajingo Mine at the same time as announcing an offtake agreement for its own Mt Carlton project that could be worth as much as $A1 billion, according to the company.

Nick Evans
We bought, we sold, we Conquest

Conquest shares surged this morning on the twin announcements, up 12.5c to an intraday high of 57c in early trading. The move to acquire Heemskirk Consolidated’s 40% interest in the Pajingo mine neatly...

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