When your hunting a larger predator it pays to weaken them first.
Is RMS weaker or stronger immediately after its takeover of MGV?
I would say at least a year before any accrued value from acquired tenements is seen.
If RMS AISC is still around $2k an ounce with falling production then comparatively WGX is getting stronger while existing RMS shareholders have been diluted and getting weaker with new MGVshareholders sharing in existing returns.
Its $270m incash will immediately be reduced to $250 on completion of the takeover.
From what I see RMS has future needs for its cash to keep producing.
IMHO WB pushed or precuzzumped a planned cheap bid for the South Mt Magnet tenements.
Time will tell if I am right but it's worth looking at the WB interview concerning the RMS bid with the above thoughts in your mind.
Look for the moment WB shed a faint momentary smile combined with a very sharp analysis of RMS and WGX complementary strengths and weaknesses.
Regards
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- Ann: Ceasing to be a substantial holder for AME
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Last
$2.79 |
Change
-0.060(2.11%) |
Mkt cap ! $2.631B |
Open | High | Low | Value | Volume |
$2.80 | $2.83 | $2.76 | $10.45M | 3.743M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 58349 | $2.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.79 | 84235 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 54349 | 2.780 |
2 | 68948 | 2.770 |
8 | 39383 | 2.760 |
7 | 12914 | 2.750 |
3 | 6525 | 2.740 |
Price($) | Vol. | No. |
---|---|---|
2.790 | 84235 | 2 |
2.810 | 61493 | 4 |
2.820 | 19503 | 3 |
2.850 | 16608 | 5 |
2.860 | 2674 | 1 |
Last trade - 16.11pm 16/07/2025 (20 minute delay) ? |
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WEST COAST SILVER LIMITED
Bruce Garlick, Executive Chairman
Bruce Garlick
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