Middle Island increases Alto offer

MIDDLE Island Resources’ dogged pursuit of its larger neighbour around the Western Australian town of Sandstone hasn’t gained much market traction over the past four months, so overnight the Rick Yeates-led predator increased its all-scrip offer.

Middle Island increases Alto offer Middle Island increases Alto offer Middle Island increases Alto offer Middle Island increases Alto offer Middle Island increases Alto offer

Middle Island's mothballed Sandstone mill.

Announcing its intention to move on Alto on March 1, Middle Island lobbed its initial bid at five shares for every piece of Alto paper, but in its fourth supplementary bidder's statement that has been