Mercer Resources - Re: MCR Stream Log - Will the Stanhill focus move...

Will the Stanhill focus move towards Mercer in the near future, as a potential vehicle for resource assets?.........GL S Further comment on the increased bid.... Hong Kong's Stanhill hikes bid for Robust Resources MAGGIE LU YUEYANG DATAROOM MERGERS & ACQUISITIONS INDUSTRIES RESOURCES AND ENERGY Stanhill Capital Partners, an investment firm based in Hong Kong, has increased its bid for Sydney-based Robust Resources by 12 per cent in a push to own the junior gold miner, which the offer now values at $61.5 million. Stanhill has increased its bid price from 28 cents per share, made on July 1, to 31.5 cents per share and has accumulated a total 19.9 per cent stake in the miner, the company said in a statement. Robust Resources, with gold, silver and copper assets in Indonesia, Kyrgyz Republic and the Philippines, is in the process of a reverse takeover of Mentum Inc, a listed company in London’s Alternative Investment Market (AIM). The deal has just been approved by Mentum shareholders earlier this week. Under the agreement with Mentum, Robust will sell its gold and copper assets in Kyrgyz Republic to Mentum and then hold an 87.3 stake in Mentum, which will subsequently change its name to Tengri Resources and focus on Central Asia. It is believed miners with a Central Asia exposure will have better valuations on the AIM. Robust counts one of Asia's richest man Anthony Salim as its biggest shareholder, who owns about 20 per cent in the company through his investment vehicle. (Reporting by [email protected])