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BDO backs Metalicity's Nex bid

THE interminable hostile takeover offer by Metalicity for its partner in the historical, high-grade Kookynie gold field has entered a new stage with the independent expert finding the all-scrip offer for Nex Metals Explorations was fair and reasonable in the absence of a superior offer.

Haydn Black
Kookynie is an historical gold field getting a new focus

Kookynie is an historical gold field getting a new focus

No rival bid has emergence since Metalicity lobbed its off market 4.8-for-1 share offer in September.   The report, prepared by BDO Corporate Finance, valued Nex prior to the offer as being essentially...

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