Ann: TOV:WGX Panel Receives Application, page-49

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Stagsrus

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30/05/24

17:33

Post #: 74088925
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Originally posted by fitnfam: ↑

Or to put it another way

WGX has tied up Remelius once again with little in the way of options,just as it did before when it forced RMS to stump up lots extra with a prior RMS takeover in shares and cash by making an offer before they did.
Then it cashed out its 4%. accumulated over two months cheap holding at a profit too.
This time it's with a standstill agreement,so it can't take on WGX until after November,by which time WGX will be a far larger entity.
RMS will be in a different position by then and will be closer to needing WGX underground services to help feed its mill.

Once again a great play by WB.

Maybe He wasn't taking the pi..sss when he said the Murchison will be mine but he was smiling a lot when making to me a deliberately sloppy? offer BUT WAS FIXING A MINIMUM PRICE and higher cost on RMS's takeover target.
The big predator has realised it is actually being stalked by a sharper operator slowly nipping at his feet ,that's been wandering around in sheeps clothing looking vulnerable and is now throwing a real hissy fit to muddy the waters much like an elephant caught mid stream.

I like the double play with Karora a site with just as much Nickel play all pre-developed thrown in for nix,when the market ultimately turns or the gold runs out for the plant or one becomes worth more to mine than the other.

DYOR + DYODD You eat an Elephant one bite at a time.

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Why would RMS need help feeding it's mill when they've just announced a 10 year mine life?

WGX Price at posting: $2.25 Sentiment: Hold Disclosure: Held
2 Upvote

1 Great analysis

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Ann: TOV:WGX Panel Receives Application, page-49

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