High share prices thwart mineral sands buy

A SOARING share price has put an end to Copper Strike’s acquisition of Syrah Resources’ mineral sands assets in Tanzania, despite the asset showing more potential than first thought.

High share prices thwart mineral sands buy High share prices thwart mineral sands buy High share prices thwart mineral sands buy High share prices thwart mineral sands buy High share prices thwart mineral sands buy

Copper Strike realised that the all-scrip acquisition would have been too expensive after its share price jumped by almost 110% last week.

Consideration for the acquisition of the portfolio was 115.

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