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This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and have some pizza. 🍕🍕

📝 Here are the highlights

🧐 Douta Gold

😉 Gold Offer Rejected

🐦 False Nuclear Fears

📌 Daily Commodity Prices

🧐 Douta Gold

Thor Explorations Ltd. (TSXV: THX; AIM: THX) reports new drill results from the Douta Gold Project, Senegal.

Highlights:

• 19 metres of 2.46 g/t Au from 29m.

• 26 metres of 1.31 g/t Au from 21m.

• 9 metres of 1.35 g/t Au from 110m, and 9 metres of 2.06 g/t Au from 127m.

The company aims to upgrade resources for the Douta PFS and advance towards a Definitive Feasibility Study.

Despite the good news, the price is down 5.4% and the volume hasn’t changed as we type.

😉 Gold Offer Rejected

Gold Road Resources (ASX: GOR) has rejected an A$3.3 billion ($2.1B) takeover bid from Gold Fields (JSE, NYSE: GFI), calling it “highly opportunistic” and undervaluing the company.

The bid, offering A$3.05 per share at a 21% premium, would have given Gold Fields full control of the Gruyere gold mine in Western Australia. Instead, Gold Road proposed buying out Gold Fields' 50% stake, which was rejected. The bid also complicates Northern Star’s A$5B takeover of De Grey Mining, where Gold Road holds a 17.3% stake.

Gold Fields expressed disappointment over the lack of engagement, while Gold Road criticised the bid’s public disclosure and highlighted Gruyere’s potential underground expansion. 

Turning down billions? Must be nice to have too much gold.

📰 In Other News

🐦 False Nuclear Fears

Happy Speculating!

The Editor

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