Helix Resources Limited (AU:HLX) has released an update.
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Helix Resources Ltd has advised its shareholders to refrain from taking any action regarding Acta Investment Group’s unsolicited takeover offer for 25% of Helix shares, citing concerns over control without a premium and restrictive conditions. The Helix board emphasizes its commitment to maintaining strategic direction focused on copper and gold exploration in the Cobar region, promising further guidance in their upcoming Target’s Statement. This development highlights the ongoing dynamics in the resource sector, offering potential intrigue for investors eyeing Helix’s exploration prospects.
For further insights into AU:HLX stock, check out TipRanks’ Stock Analysis page.
