Tethyan rejects Crosby offer

THE board of Tethyan Copper has moved to reject a takeover offer by Hong Kong-based Crosby Capital Partners, which values the company at 64 cents per share. In an announcement to the Australian Stock Exchange, the board, which includes Mincor managing director David Moore has unanimously rejected the offer, considering it to be “opportunistic and substantially undervalues the company and its assets”. Crosby has claimed it is better positioned to raise the capital needed to fund the Reko Diq project, and that Tethyan shareholders would be better off accepting its cash offer. Tethyan is in the advanced stages of a Bankable Feasibility Study on the H4 “Starter” project, the proposed first development phase at Reko Diq copper-gold mine in Pakistan.


(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE9,064
10th-The University of Notre Dame Australia6,708
46 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer