It seems i was not the only person thinking that the private equity takeover bid for ATE (formerly MUX) who have the old northern assets of Kagara bodes well for RVR. If it becomes a contest between two suitors will RVR then emerge as a target? Remember RVR has a larger measured resource than ATE and ATE's mill needs a large spend (about $40M ) to get it operational whereas Thalanga probably only requires about $10M for a restart of the plant . Below is an excerpt from this morning's Australian
RVR Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held