December 7, 2018 / 1:57 AM / a month ago

BUZZ-Australia's Metallica Minerals falls; Melior merger not fair but reasonable - report

** Shares of bauxite miner Metallica Minerals Ltd fall as much as 12.5 pct to A$0.028, their lowest since Sept 19

** Co announces that an independent expert’s report has said that the merger with ilmenite miner Melior Resources Inc is not fair but reasonable to Metallica shareholders

** Stock posts biggest intraday pct fall since June 26

** Stock down 42.9 pct this year, as of last close

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