Articles On Azumah Resources (ASX:AZM)

Small cap Merger and Acquisition (M&A) activity on the ASX has plummeted in the first half of 2020 compared to the same period last year. The $2.6 billion in M&A among small caps on the ASX since the start of January this year is do...

‘Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services pro...

All today’s most interesting small cap gold news from Tietto Minerals, Apollo Consolidated, Predictive Discovery and Catalyst Metals.   African explorer Tietto Minerals (ASX:TIE) has uncovered more high-grade gold – including 5m at ~14 gram...

After snapping up 90 percent of Azumah Resources, private equity firm Ibaera Capital will mop up the remaining 10 percent under the compulsory acquisition provisions.

Azumah Resources (AZM) is nearing a compulsory takeover by Ibaera Capital As of January 14, Ibaera owns 88.85 percent of Azumah’s shares Ibaera has indicated it intends to increase that number to 90 percent or more Azumah’s Independent Dir...

Private equity firm, Ibaera now holds a relevant interest in Azumah Resources of 88.85% following last year’s off-market takeover bid.

If there’s one commodity that has started the decade well, it’s oil. Brent oil has gained 5.2 per cent this week and crude oil has gained 4.2 per cent. In contrast, some of the top performing commodities of 2019 have been slower. Copper has...

Azumah Resources’ is weighing up its funding options for its share of capital costs for the Wa gold project in Africa.

The board of Azumah Resources has urged its shareholders to accept Ibaera Capital’s increased takeover offer of 3.3 cents before the offer closes on 17 December.

Alice Queen (ASX:AQX) was swept up in the excitement which followed Alkane Resources’ (ASX:ALK) big gold-copper porphyry discovery in NSW. For Alice Queen, it doesn’t hurt that Alkane’s discovery is just 700m from its Yarindury exploration...

The board and management of Azumah Resources has downed tools and moved on after its private equity partner, Ibeara Capital, moved to a majority position.

The majority of shareholders have accepted Ibaera’s increased offer of 3.3 cents per share.

A high proportion of this week’s directors trades among ASX small caps happened at interesting times for their companies. Five directors sold shares because their company was being taken over. Software stock GBST (ASX:GBT) is being taken ov...

The board of Azumah Resources’ has successfully held out for more money as Ibaera Capital’s increased takeover offer of 3.3 cents gets the nod from Directors.

The increased takeover offer “represents a compelling premium of 136%” to the closing price prior to the offer announcement.

An agreement with Castle Minerals for the sale of the prospecting licence and its three defined gold resources has been amended.

Azumah Resources’ Directors have advised their shareholders to take absolutely no action in relation to an unsolicited takeover bid.

Directors state that Ibaera’s unsolicited takeover offer for 2.8 cents per Azumah share can be rejected by simply taking no action.

A number of small cap resources plays made colossal gains over the month of September. Here’s a few of the highlights.   COMMODITY FOCUS In September, nickel continued to ‘flip the bird’ at negative macro sentiment. Nickel’s monstrous bull...

Factors support future financing and development of the Wa Gold Project, and a possible near-term step-change in its value.

Trading Places is Stockhead’s weekly recap of substantial holder movements focusing on fund managers. Substantial shareholders are shareholders holding 5 per cent or more of a company’s shares and these can be directors, individual investor...

Each Monday, Stockhead recaps which stocks are heavily demanded by investors – or running hot. Stockhead uses the Relative Strength Index (RSI), a technical gauge which measures how trading momentum is affecting the price action. A reading...

Azumah Resources has advised its shareholders to ignore a takeover bid from Ibaera Capital, its private equity partner in the Wa gold project in Ghana.

GHANA-focused gold hopeful Azumah Resources has fired back at its largest shareholder and joint venture partner's hostile all-cash takeover, ...

“Ibaera has been prepared to pay substantially more for Azumah shares than it is offering shareholders under the current offer,” states Azumah.

Do you know that on this day in 1970 the great American rock guitarist, singer, and songwriter Jimi Hendrix passed away. James Marshall 'Jimi' Hendrix’s mainstream career lasted only four years, but he is widely regarded as one of the most...

On Stockhead today, the gold M&A just keeps rolling with Azumah the latest takeover target, SRJ reveals why it thinks Oz is a good place for it to list and the industry that billionaire investor Stephen Schwarzman sees as having ‘Amazon...

Advanced Ghanaian gold explorer Azumah Mining (ASX:AZM) has been hit with a hostile takeover bid from Wa gold project joint venture partner, mining fund Ibaera Capital. Yesterday, Ibaera lodged an unconditional all-cash offer with the ASX t...

West African gold explorer Azumah Resources (ASX: AZM) is yet to provide an official response to an unsolicited all cash offer from its Wa gold project joint venture partner and substantial shareholder Ibaera Capital, which also purported A...

Ibaera has lodged a Bidder’s Statement for an unconditional all-cash offer to acquire all outstanding shares in Azumah for 2.8 cents.

FRUSTRATION with the board of Azumah Resources, and the pace of development plans for the 2.8 million ounce Wa project in Ghana, have led ...

Rising gold prices could boost the already robust economics for Azumah Resources’ Wa gold project in Ghana.

With funding in place, the study on the multi-million ounce Wa Gold Project is expected early-2020.

Azumah is aiming to complete a feasibility study for the Wa Gold Project by the end of the year.

Azumah is aiming to complete its Wa Gold Project feasibility study by the end of the year.

Junior Australian gold explorer Castle Minerals (ASX: CDT) has signed a US$11.7 million agreement with private West African company Iguana Resources Limited which will see Iguana to earn up to 80% interest in the Degbiwu and Gbiniyiri licen...

Castle Minerals (ASX:CDT) listed in 2006 to explore for gold in Ghana and, over the next decade or so, sank tens of millions of dollars into its huge ~11,000sqkm landholding. Castle made a number of significant greenfield discoveries, with...

In this article, we would discuss four penny stocks trading at the ASX. Three out of the four stocks are engaged in mining and exploration industries, while one stock operates a capital goods business in the country. Penny stocks are called...

Most recently, the company released a scoping study on developing an underground mining operation at the Bepkong gold deposit.

Azumah Resources has estimated that its Bepkong underground gold deposit could generate cash flow of $47m at the Wa project in Ghana.

The Wa Gold Project joint venture has not made a production decision and its plan to develop a gold mining operation is subject to completed pre-feasibility study (PFS) results.

West African gold exploration and development company Cardinal Resources (ASX/TSX: CDV) is expected to finalise the Feasibility Study for its Namdini project in Ghana in the September quarter, with test work being incorporated into the stud...

Underwriter Patersons Securities proceeds with top-up placement to its qualifying clients.

The West African gold explorer is focused on exploring and developing its regional-scale Wa Gold Project in the upper-west region of Ghana.

Azumah Resources has generated a maiden underground gold resource for its Bepkong gold deposit at the Wa gold project in northern Ghana.

A maiden underground resource has been estimated for the Bepkong gold deposit.

The company is completing a feasibility study at Wa which it aims to complete before the end of the year.

Azumah Resources has launched a fully underwritten share purchase plan to raise $2 million for the advancement of the Wa gold project in Ghana.

The new shares will be issued at a 20% discount to the five-day VWAP trading price at the time of issue of the new shares.