Lihir Gold Limited

One of the largest Australia based gold miner Lihir Gold Limited (LGL) has finally endorsed the takeover bid of its rival Newcrest Mining (NCM), after the company raised the offer to $9.5 billion in an attempt to build the fourth largest listed gold mining company of the world. However, Lihir declared that it will continue to talk with the other bidders as well.

Lihir Gold Limited (LGL), an Australian company involved in gold mining, exploration and processing with gold mine and processing facilities located in Lihir Island had the best performing stocks of the 13th week in ASX100 with a gain of 31.6 percent or 96 cents to its stock price closing the week at $3.99.

The Australia based gold exploration, mining and processing company Lihir Gold Limited (LGL), has claimed that some of the major shareholders of the company expressed their support after the company turned down the all-scrip takeover bid of Newcrest Mining (NCM), which increases the possibility of an improved offer.

Lihir Gold Limited (LGL), an Australia based company with concentration on gold mining, exploration and processing in the Australasian region was the best performer for this week in ASX100 with a gain of 33.7 percent or $1.02 to its stock price closing the week at $4.04.

BlueScope Steel (BSL), a renowned investor in the steel industry that concentrates in Europe, North America and Asia Pacific was the best performer of the 8th week in ASX100 with a gain of 10.3 percent or 25 cents closing the week at $2.67.

Transurban Group (TCL), a company that owns, develops and operates intelligent transport systems and electronic toll roads with operations in Australia and the United States had the best performing shares of the 6th week in ASX100 with a gain of 21.7 percent or 99 cents to its stock price closing the week at $5.55.

Macquarie Infrastructure Group (MIG), a company that concentrates on the toll road construction and operation business was the worst performer in the ASX100 list in the 4th week. The company lost 13.1 percent or 18 cents to its stock price and was closed for the week at $1.22.

Lihir Gold Limited (LGL), an Australia based that is engaged in gold mining, exploration and gold processing in the Australasian region was the best performer of the 36th week in ASX100 with a gain of 9.5 percent or 26 cents closing the week at $2.98.