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Chinese firm targets Alto's gold

Having spent 2019 dealing with a takeover bid by Middle Island Resources, Sandstone region gold play Alto Metals has now received an unsolicited offer from China's Shandong Goldsea Group.

Chinese firm targets Alto's gold Chinese firm targets Alto's gold Chinese firm targets Alto's gold Chinese firm targets Alto's gold Chinese firm targets Alto's gold

Thar's gold beneath them there old pits, reckons Alto

Goldsea is offering A6.5c cash per share while Middle Island's failed scrip bid for Alto was valued at 2.4c per share in mid-2019.