Agree - SBM and DCN were desperate and had little option but to...

Agree - SBM and DCN were desperate and had little option but to make the best of a bad deal.
GMD is a mirage and that RF is NOT the saviour reborn. The new GMD has a lot of gunna assets, but is only producing 120k p.a. and SBM last production report had its AISC as more than A$2500 did it not ??
The article states that "nobody knows KOTH better than RF" "cause he sold it to RED5 for A$16m" ... WTF - play that again Sam .... No, RF doesn't know it better than any other person outside RED's team, and is no more than those who've been granted access to RED's data room - clearly RF ignored the hunches of some of his geo's before he hurriedly sold out because he had found a bigger patsy in NST.
The enormous potential of KOTH was suspected by MW and his team, and confirmed when they decided to do some horizontal drilling from underground that revealed the enormous extent of the KOTH orebody (that RF had overlooked) and subsequent drilling by RED's talented geo team has confirmed and enlarged this game changer.
The article referred to GMD as a A$1.6 billion company NOT RED ! It also pointed out how many GMD assets in need of a processing solution, are within economical trucking distance from the expandable economical KOTH processing plant. Remember the Gwalia plant needs a major overhaul.
The assumption that RED SH's will accept any half arsed offer from GMD is ludicrous .... it's seems abundantly clear that its GMD who needs this merger NOT RED5. No M&A will occur without the full support of both BOD's and RED knows more than any entity, what KOTHS potential is - after all, from before the FFS was announced the had intended for a 6mtpa + plant to be the initial production capacity ( the lesser amount stated in the BFS was to keep the banks happy).
Although I've flagged GMD as the obvious most logical partner to combine with KOTH for regional consolidation, the relative worth of the GMD dogs breakfast of assets vs those of RED5 are very much not settled. Until GMD gets more credibility, and RED casts off a few more shackles I referred to in a recent post, this M&A is unlikely in the short to medium term. In the meantime RED's SP should strengthen as milestones are hit, and GMD SP can't keep elevated merely on hot air and RF assertions.
As for SP targets, let's see if 30c is achievable before 40c (which may be possible, after "shackles" removed) .... as for 80c ... "tell him he's dreaming"