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No increased Westgold bid paves way to Musgrave's Cue gold for Ramelius

WESTGOLD Resources appears to have given up trying to acquire gold explorer Musgrave Minerals at the very first hurdle, saying today it would not be increasing its offer despite the emergence yesterday of counterbidder Ramelius Resources.

Michael Quinn
It looks very likely Westgold will be watching from the sidelines as Ramelius trucks gold from Cue to Mt Magnet

It looks very likely Westgold will be watching from the sidelines as Ramelius trucks gold from Cue to Mt Magnet

Ramelius yesterday offered shares plus cash totalling 34c per Musgrave share, versus Westgold's earlier circa 30c per Musgrave share scrip bid. "Value is determined by the buyer, never the seller,"...

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