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Metalicity seeks to consume Nex and consolidate gold plays

Scrip bid has been sent to Tom Percy-chaired company

Michael Quinn
Whether a Metalicity-Nex takeover agreement is reached or a veritable bar room brawl ensues remains to be seen

Whether a Metalicity-Nex takeover agreement is reached or a veritable bar room brawl ensues remains to be seen

If Metalicity is successful with its bid - pitched at a 30% premium to Nex's recent trading price - Nex shareholders would hold about 37.5% of the consolidator. Nex's chairman is high profile QC Tom...

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