Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6

One question is whether WGX is more likely to jump for MEK first, where the project seems further advanced towards development (and with mineralisation that is easier to understand than Mulga Bill, particularly).

OAU is another rival candidate for consolidation in the region that I have heard mentioned.

WGX has also been linked with a bid for SPR. If they did make a move for Spartan, you'd think that would keep them busy for months and probably delay any action on GBR. However, I'm wondering if SPR is starting to move out of WGX's reach valuation-wise. That would definitely be a net positive for GBR's takeover prospects if WB decides he prefers a smaller bolt-on than a riskier, transformational bid for SPR.