Metal Ore Mining

Central Asia Metals Plc

Australian Government Takeovers Panel Considers Terminating NWC's Proposed Sale to CAML

Central Asia Metals Increases Stake in New World Resources and Raises Offer Price

CAML

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Central Asia Metals with a p180.25 average price target, implying a 18.27% upside from current levels. In a report released on October 2, RBC Capital also maintained a Buy rating on the stock with a £1.80 price target.

Tip Ranks

Peel Hunt Sticks to Its Buy Rating for Central Asia Metals (CAML)

According to TipRanks, Dalby is a 3-star analyst with an average return of 65.0% and a 100.00% success rate. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Central Asia Metals with a p180.25 average price target.

Berenberg Bank Sticks to Their Hold Rating for Central Asia Metals (CAML)

New World Resources has received a notice from Central Asia Metals (CAML) regarding the withdrawal of its takeover bid. This follows New World's recommendation for shareholders to accept Kinterra Capital's revised offer of AU$0.066 per share, which could increase to AU$0.067 if Kinterra's stake exceeds 30% by Thursday. CAML has requested a break fee and plans to sell its shares in New World.

Trading View

New World Receives CAML Takeover Bid Withdrawal Notice

Central Asia Metals PLC :CENTRAL ASIA METALS - UPDATE ON NEW WORLD RESOURCES ACQUISITIONCENTRAL ASIA METALS PLC - BOARD DECIDES NOT TO COUNTER KINTERRA'S OFFERCENTRAL ASIA METALS PLC - NWR AND CAML TO TERMINATE BID, BREAK FEE PAYABLE TO CAML

Reuters

Central Asia Metals Says NWR & CAML To Terminate Bid, Break Fee Payable To CAML

Central Asia Metals Plc (CAML) has announced an off-market takeover bid for New World Resources Limited (NWC), aiming to acquire all ordinary shares it does not already own. This move is part of CAML's strategy to consolidate its holdings, maintaining a 12.08% voting power despite an increase in NWC's shares. The takeover could significantly impact stakeholders and company operations. The latest analyst rating for NWC stock is a Buy with a price target of A$0.12.

CAML Launches Takeover Bid for New World Resources Limited

AUSTRALIAN GOVERNMENT'S TAKEOVERS PANEL:CONSIDERED TERMINATION OF NWC'S PROPOSED PLACEMENT TO CAML SUFFICIENTLY ADDRESSS CONCERNSPANEL DECLINES TO MAKE DECLARATION IN RELATION TO AFFAIRS OF NEW WORLD RESOURCES

Australian Govt's Takeovers Panel Says New World Corp Sufficiently Addresss Concerns

New World Resources Ltd :CAML AFTER-MARKET PURCHASES AND OFFER PRICE INCREASEINCREASE TO CASH CONSIDERATION PAYABLE BY CAML UNDER BOTH SCHEME AND TAKEOVER OFFER FROM A$0.055 TO A$0.062 PER CO SHARENOTIFIED BY CAML THAT IT HAD BOUGHT 7.1% OF ISSUED CAPITAL OF CO AT A$0.062 PER NEW WORLD SHARE

New World Resources Notes CAML After-Market Purchases And Offer Price Increase

Central Asia Metals PLC (CAML) announced an on-market purchase of 178,800,056 shares of New World Resources Limited (NWR), representing about 5% of NWR's issued capital, at A$0.055 per share. CAML also proposed to increase the cash consideration for its acquisition offer from A$0.053 to A$0.055 per share. This follows a previously announced acquisition scheme and an off-market takeover bid. A Deed of Variation will be executed to formalize the price increase. CAML is a UK-based base metals producer with operations in Europe and Central Asia.

London Stock Exchange

REG - Central Asia Metals - CAML on-market purchase and offer price increase

New World Resources announced that Central Asia Metals (CAML) has increased its takeover offer to AU$0.053 per share from AU$0.050, representing an 89.3% premium over the last closing price. The board recommends shareholders vote in favor of the offer, pending an expert's opinion. CAML will provide AU$10 million in interim funding through a share issue. The scheme meeting is scheduled for mid-September, and shareholders are advised not to act on the proposal yet. Shares rose 6% recently.

New World Says Central Asia Sweetens Takeover Offer; Shares Rise 6%

New World Resources Ltd :CAML INCREASES OFFER PRICE TO A$0.053 PER SHARECAML COMMITS TO A$10 MILLION FUNDING VIA SHARE PLACEMENTREVISED PROPOSAL VALUING NEW WORLD AT APPROXIMATELY A$197 MILLIONDIRECTORS UNANIMOUSLY RECOMMEND NEW WORLD SHAREHOLDERS VOTE IN FAVOUR OF SCHEMEPLACEMENT AT A$0.053 PER SHARE