Why would RMS need help feeding it's mill when they've just...

First 49 Last

Share
Profile

Follow
Stagsrus

206 Posts.

33

30/05/24

17:33

Post #: 74088925
Share

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.

Expand

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

Reply

Top Stories

NEU

Neuren jumps over +11% on patent win for Pitt Hopkins drug treatment

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

'Not possible' to port renewable gas: ACCC takes AGN to court

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

First 49 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $2.95		Change 0.040(1.37%)		Mkt cap ! $2.772B

Open	High	Low	Value	Volume
$2.92	$2.96	$2.91	$5.673M	1.933M

Buyers (Bids)

No.	Vol.	Price($)
21	28534	$2.95

Sellers (Offers)

Price($)	Vol.	No.
$2.96	91700	64

View Market Depth

No.	Vol.	Price($)
22	42813	2.950
40	102950	2.940
22	127531	2.930
16	209532	2.920
14	216812	2.910

Price($)	Vol.	No.
2.960	64721	57
2.970	104881	30
2.980	117553	19
2.990	218801	15
3.000	17476	6

Last trade - 15.17pm 26/06/2025 (20 minute delay)

WGX (ASX) Chart

Why would RMS need help feeding it's mill when they've just...

Neuren jumps over +11% on patent win for Pitt Hopkins drug treatment

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

'Not possible' to port renewable gas: ACCC takes AGN to court

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Why would RMS need help feeding it's mill when they've just...

Top Stories

Neuren jumps over +11% on patent win for Pitt Hopkins drug treatment

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

'Not possible' to port renewable gas: ACCC takes AGN to court

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News