Business
Shares in this junior ASX gold company have plunged 7% after takeover bid. Is it a buy?
Image source: Getty Images
Forrestania Resources Ltd (ASX: FRS) has launched a takeover bid for Kula Gold Ltd (ASX: KGD) in a move that will consolidate its position in the Western Australian goldfields.
The bid sent Forrestania shares more than 10% higher to 27 cents on Tuesday…
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