Stocks of the Hour: Recharge Metals, Eastern Metals, Brightstar Resources
A snapshot of the stocks on the move, featuring Recharge Metals (ASX:REC), Eastern Metals Ltd (ASX:EMS) and Brightstar Resources (ASX:BTR).
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Recharge Metals Ltd (Recharge) is an Australian copper developer and explorer, with an experienced board and management team with a mix of corporate, commercial and technical capability and expertise.
Recharge holds three highly prospective and complementary projects in WA (100% owned), containing copper, gold and base metals mineralisation, including:
The company’s focus immediately after listing on the ASX will be to explore the Brandy Hill South Project. The Company also considers that there is significant exploration upside at the Hyden and Bohemia Projects.
The aim of the Company’s broader exploration strategy is to discover an economic mineral resource with the potential to be developed. An economic resource has the potential to generate significant value for shareholders.
A snapshot of the stocks on the move, featuring Recharge Metals (ASX:REC), Eastern Metals Ltd (ASX:EMS) and Brightstar Resources (ASX:BTR).
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Brett Wallace - Managing Director - Recharge Metals is an Australian copper developer and explorer, focusing on Australian copper projects.
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Australia’s competition watchdog will not oppose US logistics giant Iron Mountain’s proposed $3.4 billion takeover of data management group Recall, after Iron Mountain undertook to sell most of its Australian business.
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Document storage and data protection company, Recall Holdings, lifted interim dividend, despite interim earnings halving because of costs associated with Iron Mountain’s proposed takeover of the company.
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Another big local takeover is in trouble with the key competition regulator with the agreed bid from US document storage giant Iron Mountain for its smaller competitor Recall (REC) now in doubt because of worries about a contraction in options for local customers.
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American data storage group, Iron Mountain has finally persisted in its five month pursuit of Recall Holdings (REC), the spin-off from Brambles, in the shape of a $2.5 billion scrip or cash bid.
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The strong opposition from the board of Recall Holdings (REC) has upset Iron Mountain chief executive William Meaney who says he may take its ‘indicative, non-binding’ $7 a share bid for Recall and go home.
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In what looks like a replay of the failed private equity bid for Treasury Wine Estates (TWE), document management business Recall Holdings (REC) has rejected a $2.2 billion, $7-a-share bid from long-time suitor Iron Mountain of the US, saying it undervalues the company.
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