Ann: Merger to Create 400 kozpa Australian Gold Miner, page-2

Well... clearly I was wrong. WB has seemingly out-maneuvered RMS for a change, which... is a plus, but... I really struggle to see the synergies, except the for obvious, both RMS and WGX Geo teams clearly love the U/G assets of Karora. Plus... is diluting holders 50% worth it...?

I can only assume that Karora wants WGX script far more than RMS (because RMS will soon become a single operational producer), plus, WGX are going to be able to run the Karora U/G with their own teams, so lower costs etc.

I can be honest and say I have no idea how the market will take this.... I still think they should have moved on smaller players to bolster the Bluebird plant, but I can only guess they will do this once they bed down Karora's assets (am I right in thinking this will be a pure 100% unhedged Australia producer?)

400k p.a medium term goal, longer term likely 500k p.a.

Finally... very strange timing, with the downgrade to production for FY24, as in... WGX is bargaining from a position of weakness, albeit, it was much much weaker not so long ago, so.... swing and roundabouts.

Looking forward to hearing more discussion from others.