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Chinese firm targets Alto's gold

Having spent 2019 dealing with a takeover bid by Middle Island Resources, Sandstone region gold play Alto Metals has now received an unsolicited offer from China's Shandong Goldsea Group.

Michael Quinn
Thar's gold beneath them there old pits, reckons Alto

Thar's gold beneath them there old pits, reckons Alto

Goldsea is offering A6.5c cash per share while Middle Island's failed scrip bid for Alto was valued at 2.4c per share in mid-2019. Alto shares have spent much of the past 12 months trading at levels...

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