Spoiler attempt before Karora votes in JULY. The stand still agreement was one between both RMS and WGX i.e. we won't make a play on each other. As RMS is twice the market size it was more to benefit WGX and presumably let development on Great Fingal get completed. Didn't stop RMS looking at Karora first. If they could so can WGX. Won't stop Great Fingal from showing its mined grade around deal time as well as a sweetener.
The point may be such a merger always has people who don't want to own the resulting entity.
DYOR + DYODD Oh dear and RMS can't capitalise on that dip in price due to the stand still agreement and by November then another QTRLY with results from both operations combined will be out no doubt showing improved operations. The new WGX now looking like an RMS equal in any negotiations instead of a vulnerable minor.
WGX Price at posting:
$2.27 Sentiment: Buy Disclosure: Not Held
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