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Red Back rebuffs Ashanti overtures

RED Back Mining has rejected Ashanti Goldfields' advances for its 1.19 million ounce Chirano gold...

Michael Quinn
Red Back rebuffs Ashanti overtures

Red Back says the indicative US$18 million offer (plus Red Back's cash holdings) valued its shares at 30-31.5 cents - assuming allotment of all shares from the recent entitlements issue and exercise of...

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