Ann: Change of substantial holding for MGV, page-11

I’m firmly in the $2.50 camp. But it won’t be from picking up another Apollo, Breaker or Musgrave.

Some serious M&A will do it. Even now if you combined WGX and RMS, you’d have a rock solid profitable base business holding $500M in cash and probably $700M by June 24 (only 10 months away) under $2.5bn MC. Pumping out over 500koz without trying.

That combined entity could then continue on the path of buying more producing assets to firm up the future and continue to grow.

Found it very strange how WGX pulled out of MGV so quickly and happily. They’ll likely end up with it one way or another.

Both good mobs, especially when the market couldn’t care less about gold explorers or ones losing money each day. When you look hard enough, most ASX companies lose money each year.

Anyway, see what happens.