Speaking of Ramelius, and similar tactics and initial percentage purchases, might they be today's buyer? I'm not familiar enough with the distances between WA8 and Ramelius' to try to calculate haulage costs and ore grade in an equation to guess potential margin. But WA8 might also be of strategic value to Ramelius as well. RMS have cash to splash, ambition for expansion, and lots of analytic and MA experience. Acquisitions are obviously going to be on the minds of all the directors of cashed up gold miners. WA8 must look like a very promising prospect, especially with such a low market cap. I'd prefer to see it remain in the hands of competent current management for as long as possible. Whatever the outcome of current maneuvers, or short term price movements, I'm confident that the SP will increase, and today's purchase provides a helpful fundamental support level as well.
WA8 Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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