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Ramelius trumps Gold Road with new Apollo bid

All eyes are now on Gold Road Resources after Ramelius Resources increased its cash-scrip offer for gold explorer Apollo Consolidated by nearly 11% to a notional A62c per share, trumping Gold Road’s all-cash 56c per share bid.

Ramelius trumps Gold Road with new Apollo bid Ramelius trumps Gold Road with new Apollo bid Ramelius trumps Gold Road with new Apollo bid Ramelius trumps Gold Road with new Apollo bid Ramelius trumps Gold Road with new Apollo bid

Ramelius has improved its offer for this ground in WA

As per Ramelius' original bid, Apollo shareholders are being offered 34c cash, but instead of the 0.1375 of a Ramelius share they were previously to have got, they will now get 0.1778.

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