Deal Between Regis, Vault Not Expected to Face Competition -- Market Talk

Dow Jones
May 05

0222 GMT - There's a good chance the deal between Australia's Regis Resources and Vault Minerals will close as proposed, according to MA Financial analyst Paul Hissey. He reckons the structure of Vault's business--with one large and two much smaller operations--would limit competing interest from a global miner. Genesis Minerals "remains the obvious third party with clear strategic benefits in the Leonora region," Hissey says. "However, it feels to us like this ship has sailed," with Genesis well advanced with its own expansion plans. To be sure, the implied offer price for Vault of A$4.98 a share falls short of MA's target of A$7.70. That suggests there "would be additional value available should someone else arrive with a higher bid," Hissey says. Regis's shares are down 5.0% at A$6.81. Vault is up 4.4% at A$4.70. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

May 04, 2026 22:22 ET (02:22 GMT)

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