Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
New Zealand based Todd Corporation has made a play for ASX-listed Rutila Resources, offering shareholders 30c in cash for each share held. Rutila told shareholders on Tuesday that the offer represented a 100% premium to Rutila’s last trading share price, and an 80.7% premium to the 30-day volume weighted average price of the company’s shares.
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