Forrestania’s Paper Empire
Forrestania Resources has gone from a 1c shell to a $600 million company through an extraordinary run of 16 deals in 14 months. But its recommended takeover of Zenith Minerals is now facing scrutiny from the Takeovers Panel, raising questions around timing, disclosure, director acceptances and a massive equity raising that followed the bid.
We walk through the chronology, the key players, why the Edna May acquisition changes everything, and whether this ultimately ends with a sweeter offer for Zenith shareholders.
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TIMESTAMPS
(0:00) Corporate Battle Teaser
(7:50) Hungry Mills Need Ounces
(17:10) MD Accepts Day One
(28:20) Takeovers Panel Showdown
(41:10) What Happens Next
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