Forte Energy: Negotiations continuing over 'potentially significant transaction'

AIM-listed Australian-based minerals company Forte Energy has advised that negotiations are 'continuing in relation to a potentially significant transaction'.

AIM-listed Australian-based minerals company Forte Energy has advised that negotiations are 'continuing in relation to a potentially significant transaction'.

The company stated that it would provide a further update "as soon as the terms of any transaction are agreed".

The news comes almost two weeks after the company, which is dual listed on the Australian Stock Exchange (ASE) as well as AIM, announced that trading had halted on the ASE.

On February 5th, the company said "advanced negotiations are continuing on a number of different transactions".

Forte is focused on the exploration, development and evaluation of uranium and energy-relarted projects. It has a portfolio of projects in the Republics of Guinea and Mauritania in West Africa.

Its share price was up 4.58% to 2.51p at 10:38 on Monday.

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

A simple way to profit from the next big trend change in the markets
Investment strategy

A simple way to profit from the next big trend change in the markets

Change is coming to the markets as the tech-stock bull market of the 2010s is replaced by a new cycle of rising commodity prices. John Stepek explains…
14 Jan 2021
Forget austerity – governments and central banks have no intention of cutting back
Global Economy

Forget austerity – governments and central banks have no intention of cutting back

Once the pandemic is over will we return to an era of austerity to pay for all the stimulus? Not likely, says John Stepek. The money will continue to …
15 Jan 2021
Here’s why markets have shrugged off the US political turmoil
Investment strategy

Here’s why markets have shrugged off the US political turmoil

Despite all the current political shenanigans in the US, markets couldn’t seem to care less. John Stepek explains why, and what it means for your mone…
7 Jan 2021
Free 6 issue trial then continue to