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Far East Gold Ltd (ASX:FEG)

ALERT: Price-sensitive ASX Announcement for FEG
Current share price for FEG : $0.145 -0.005 (-3.33%)+
Announcement
Release
26 Jun 2026 8:12AM
Price at Release
$0.150
Full Release
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Summary
Far East Gold Ltd has announced that the unsolicited takeover offer of A$0.13 per share from Xingye Gold (Hong Kong) Mining Company Limited is deemed neither fair nor reasonable by the independent expert, Lonergan Edwards & Associates Limited. The expert assessed the fair value of Far East Gold's shares to be between A$0.324 and A$0.444, with a mid-point of A$0.385 on a controlling interest basis, indicating a significant discount in the offered price. The Independent Board Committee recommends shareholders reject the offer, citing reasons such as the loss of potential future upside, market trading above offer price, and significant value shortfall.
Key Points
  • Independent Expert concludes Xingye's offer is neither fair nor reasonable
  • Offer price of A$0.13 per share is significantly below fair value
  • Fair value of shares assessed between A$0.324 and A$0.444
  • Independent Board Committee recommends rejecting the offer
  • Major shareholders do not intend to accept the offer
  • Potential loss of future value and upside if offer is accepted
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.