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Gold Road Resources enters trading halt after deal speculation

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More news: Gold Road Resources has entered a trading halt on the ASX, citing "media speculation over a potential change of control transaction".

The gold miner expects the trading halt will be lifted on or before the market opens on Tuesday.


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Gold Road Resources pauses trading ahead of announcement

The news: Gold Road Resources has paused trading on the ASX pending a further announcement.

The numbers: The gold miner's shares were down 1.7% to $2.98 at 10:40am AEST, when trading was paused. The company's share price has climbed 85% over the last 12 months.

The context: In March, Gold Road rejected a $3.3 billion takeover bid from South Africa’s Gold Fields, saying the offer materially undervalued the company.

The sources: ASX, ASX


By Hugo Mathers