Diamond explorer and pittado miner, Diamond Rose NL has set its sights on two West Australian diamond explorers, Stiker Resources NL and Dioro Exploration NL. If successful, the takeover will represent a major expansion of Diamond Rose’s position in the North Kimberley region of Western Australia.
The bid is linked with the problems besetting Striker’s majority (20%) shareholder, Australian Gold Fields NL, which has fallen into administration after disputes with financiers Prudential Bache International and Rothschild Australia over silver forwards.
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