M&A

Tinkler teams up with Sage

FORMER billionaire Nathan Tinkler is back in the exploration business in Western Australia, doing a deal this morning with Tony Sage's Cauldron Energy to fund A$2 million over three years via his private explorer Oceltip Metals over the Yanrey North leases near Onslow.

Nathan Tinkler and horse.

Nathan Tinkler and horse.

Oceltip will earn 60% by spending "significantly more than the statutory exploration commitment" the Cauldron said this morning, while its shares danced 25% up the ASX to hit 3.9c, up from 2.7c earlier...

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