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Canyon Resources Battle Escalates | Perth News
Description
A fiery clash erupts at Canyon Resources as activist investor Jeremy Raper battles A2MP’s 5-cent buyout bid, which the board deems too low—prompting a Takeovers Panel block. Meanwhile, Ben Cleary of Tribeca Global unleashes verbal warfare on Raper in a scorching email, calling him a “fucking loser,” despite never meeting face-to-face. Amidst this personal feud, A2MP argues market conditions have shifted for the Minim Martap bauxite project in Cameroon, citing soaring shipping and production costs that could make the original $145M development price unrealistic—and warns shares could plummet if their offer expires. The future of Canyon hangs in the balance, with regulators, investors, and egos all tangled in the mess.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.perthnow.com.au/news/business/mining/fking-loser-fund-manager-ben-cleary-goes-on-a-tirade-against-activist-investor-jeremy-raper-c-22882847
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