There’s another transaction afoot in the junior mining world. But rather than celebrate, investors behind this deal are rather displeased. And they’re making it known across the message boards this week.
That transaction is the acquisition of Alta Copper (TSX: ATCU) by Fortescue Ltd. To Fortescue’s credit, there is in fact a significant premium at play here based on the 30 day volume weighted average price. But copper has been on the run in recent weeks, and well, investors of Alta feel like they’ve been robbed despite that premium.
Lets dive in.
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