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Musgrave tells shareholders to reject Westgold

MUSGRAVE Minerals' board has unsurprisingly recommended shareholders should reject the takeover bid by gold miner Westgold Resources.

Michael Quinn
Gold found by Musgrave is being sought by Westgold

Gold found by Musgrave is being sought by Westgold

At a closing price of A29.5c Friday, the Musgrave share price is trading above the current implied Westgold offer price of 25c. Musgrave's shares were below 25c when Westgold made its bid. Traders...

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