Alesco Corporation Takeover Offer from Dulux Group

Alesco Corporation Takeover Offer from Dulux Group

Alesco Corporation Limited is small cap stock that is involved in the marketing and distribution of industrial products to the building and renovations, construction and mining, scientific and testing and automotive industries.

The Company distributes products such as cabinets and panelling, earthmoving and truck tires, garage door openers and laboratory testing equipment.

Alesco Corporation has received a $188.4 million takeover offer from Dulux Group.

Dulux Group currently holds almost 20% of Alesco shares and has offered $2.00 a share for each remaining share.

The offer represents a 42.9% premium from Alesco’s last closing price and will only proceed if the Dulux gain 90% of share on issue.

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Ivanhoe Australia Limited (IVA): First Copper and Gold From Osborne

Ivanhoe Australia Limited (IVA): First Copper and Gold From Osborne

Ivanhoe Australia Limited is an exploration and development company. The Company intends to process copper/gold and molybdenum/rhenium ores through its Osborne operating facilities in Queensland, Australia.

 

Small cap stock Ivanhoe Mines announced that it has produced its first copper and gold concentrate from its Osborne processing facilities in northwest QLD.

The Osborne plant was commissioned in January and is expected to handle about 700,000 to 900,000 metric tons of ore this year.

CEO Peter Reeve said that “The commencement of copper-gold production at the Osborne facilities is an important first step in what we envisage will be the creation of a strong cashflow stream for 15 to 20 years”

 


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