Yes. SLR, RMS and GMD all contenders. Of the three, my money would be on RMS being successful, a bidding war is a distinct possibility.
-GMD will be highly motivated to get RED if they don't get Gwalia, which seems likely with SLRs new offer. However, buying RED may be biting off more than GMD can chew (similar market caps).
- SLR may want to double down in the Leonora region after getting Gwalia, with a second large, long life, long margin operation in KOTH. Also if SLR doesn’t get Gwalia they might still go for RED.
- RMS has made no secret of their intention to buy another significant producing asset as the 3rd hub and RED stands out as the obvious target.
At what price though, 30c, 40c?
Ann: Record monthly gold production at King of the Hills, page-44
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Last
35.0¢ |
Change
-0.020(5.41%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 35.0¢ | $3.637M | 10.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 1232084 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 509324 | 8 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |