Citius Resources is the latest shell to float on the standard list. It is seeking to acquire a business or project involved in base or precious metals. There could be potential deals with large mining companies that want to divest assets. Commodity prices have been recovering and management believes that this could mark a recovery in the sector. That would make it a good time to invest in an attractive project.
If a deal is not announced within 18 months shareholders will be given the chance...
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