- Bloomberg•2 years ago
PanAust Ltd. (PNA) shareholders may be set for a windfall with or without a takeover of the Australian copper producer. PanAust in May rejected as too low a A$1.46 billion ($1.3 billion) approach from its biggest investor, China’s Guangdong Rising Assets Management Co. The company then opened its books to Guangdong Rising and another unidentified suitor and asked for formal offers by this month. The Brisbane-based company is weighing a 20-year development of one of the world’s largest untapped copper and gold deposits in the forested foothills of Papua New Guinea. Meantime, analysts estimate operational mines in Laos will help almost triple PanAust’s profit by 2016.
- Reuters•3 years ago
You don't need to look very far to understand why nickel has been the consistent underperformer of the London Metal Exchange (LME) base metals pack since the middle of the year. Today's showed registered inventory rising by a net 558 tonnes to 240,408 tonnes, an all-time record high - the latest in a long series of them - as surplus units spill into exchange warehouses.
|52wk Range||0.05 - 0.09|
|Day's Range||0.07 - 0.07|
|Avg Vol (3m)||326,481|
As of 8:04 PM EDT. Market closed.