Discovery process too early to call

Cathay Fortune is yet to make its intentions known on Discovery Metals after dropping its bid.

Summary: Cathay Fortune still holds around 14% of Discovery Metals, but has abandoned its takeover bid. Would-be investors should probably wait until the dust settles.

The latest news is that Cathay Fortune has walked away from its $830 million bid for Discovery Metals. Right now I think it’s best to hold off on this one.

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