New World Resources (NWC AU): Expect CAML To Match Kinterra's Terms

• Writing reports on copper-play New World Resources (NWC AU) is tricky as they have a half-life of days, sometimes hours, as Kinterra and Central Asia Metals (CAML LN) compete head-to-head.

• Last week, Kinterra bumped its off-market Offer to A$0.063/share; which increases to A$0.064/share if it gets to 30%. CAML, currently at A$0.062/share, has matching rights up until the 17th July.

• The Takeovers Panel has now, not altogether unsurprisingly, opted not to declare unacceptable circumstances regarding Kinterra's two applications.

NWC is illiquid - although volume has been picking up of late. Look away now if this is not your thing.

---

• Central Asia Metals (CAML LN)'s initial A$0.05/share Offer, by way of a Scheme was announced on the 21st May.

• I have followed with six insights after Kinterra threw its hat into the ring.

• ASX links are embedded in each section.