Middle Island drops Alto offer

ONE of the least successful takeover offers in the Australian mining space in recent times has finally lapsed, with Middle Island Resources flying the white flag in its long drawn-out tilt for Alto Metals, its neighbour in the Sandstone area of Western Australia.

Middle Island drops Alto offer Middle Island drops Alto offer Middle Island drops Alto offer Middle Island drops Alto offer Middle Island drops Alto offer

The mothballed Sandstone mill.

The hostile bid to merge the two gold minnows, one with a plant and one with larger proven resources, was launched in March after more than a year of discussions, but gained no traction.

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