Ann: OAU: Westgold Strategic Alliance and Placement, page-36

Cheers Joel,
had not see that actually. WB did come across as confident about all matters really.
Obviously very careful about anything related to RMS.
On a personal note, I hope he never changes his management style, as I have seen a few times where leaders slowly drop back from visiting the coal face, so to speak.

I still really struggle to see how RMS thinks that any sort of deal with WGX makes sense (at current valuations), unless it was at such a huge premium (basically 50/50), as RMS is basically a 1 plant company (Edna May is running on fumes), thinking of acquiring a 3 plant company.... that will likely produce a similar amount of gold as RMS next year... (excluding Karora).

I think RMS will pitch that the MGV ore could go to Bluebird mill, which it could... and that they would do a major cutback at Eridanus to fill the gap of MGV ore, but... other than that, RMS use contractors at all their U/G mines, WGX are owner miner.... I could see it make more sense if WGX was the acquirer once Penny runs out of steam and RMS is back to being a 100-120k p.a producer.

Harsh and I know many RMS holders have different views, but... RMS have already shown their hand on Edna (Stage 3 is an 18 month development timeline, so the plant will shut), they are not rushing to develop their Bombora/Rebecca assets.... so.... their cupboard is bare, versus WGX.
Of course.... my humble amount of shares won't make any difference, but I am fairly confident that the insto's know what WGX have under the hood.