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Nusantara looks set to be bought out by Awak Mas partner Indika

A DISAPPOINTING investment story looks to be playing out at Nusantara Resources after its key shareholders gave the tick to a takeover offer from Awak Mas project partner Indika.

Michael Quinn
Awak Mas camp, South Sulawezi, Indonesia

Awak Mas camp, South Sulawezi, Indonesia

The transaction sees Indika, the 25% owner of the pre-development gold asset in Indonesia, offering 35c per share to majority project owner Nusantara. Nusantara was an IPO four years ago that issued...

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