Ann: BTR and AME Strategic Merger. BTR consolidates Sandstone, page-26

It looks like they have some big ambitions, which is a good thing during a rising gold price, as long as they don't pay too much, which I thought they did for Montague.

But the AME merger/takeover looks prospective, and there is a good leadership team for those who follow particular executives, like we did with Beamont early on in Northern Star.

I'd like a lower average than 1.5c but the big dogs who bought in initially at 1.1c look like sticking for the moment, though a consolidation of 1 for 15 or 20 looks on the cards later this year.

The next bit of the Sandstone (area) puzzle might be Horizon Gold HRN, this would make a good takeover or merger target for 2025, since they are just up the road about 50km and have about one million ounces, then much of the Sandstone area will be tied up.

Big ambitions do BTR management seem to have - let's see how it works out, either way, shareholders should be in for an interesting ride over the next two years, given the gold price holds up, or rises, as expected.

Gw