M&A

O'Kane spruiks Comet's 'backwards' copper mission

COMET Resources shares have been suspended since January, and many shareholders are unhappy about that, so when managing director Matthew O'Kane hosted a virtual seminar yesterday to explain why the company is doing such a dilutionary deal, he had to address more than a few issues that have cropped up over the past six months.

 Matthew O'Kane speaks to investors yesterday

Matthew O'Kane speaks to investors yesterday

Why was a junior with a circa A$14 million market capitalisation doing a heavily dilutionary $70 million transaction to purchase the Mount Margaret copper mine in Queensland? Why had it written off its...

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