Cyprium Metals Limited (AU:CYM) has released an update.
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Cyprium Metals Limited has rejected a non-binding offer from Appian Capital Advisory LLP to acquire the company at A$0.035 per share, believing the offer undervalues the company’s assets and potential. The board cited various conditions in the offer that could hinder Cyprium’s ongoing efforts to enhance shareholder value. Cyprium remains committed to progressing its projects, particularly the redevelopment of the Nifty Copper Complex.
For further insights into AU:CYM stock, check out TipRanks’ Stock Analysis page.
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