Highlands Pacific Limited (HIG.AX)

ASX - ASX Delayed Price. Currency in AUD
0.06-0.00 (-3.39%)
At close: 10:29 PM EDT
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Prev Close0.06
Bid0.06 x
Ask0.06 x
Day's Range0.06 - 0.06
52wk Range0.05 - 0.09
1y Target EstN/A
Market Cap52.88M
P/E Ratio (ttm)-0.65
Avg Vol (3m)219,760
Dividend & YieldN/A (N/A)
Earnings DateN/A
  • Bloomberg2 years ago

    PanAust Holds Promise as Target or Stand-Alone: Real M&A

    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.

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