Ann: TOV:WGX Panel Receives Application, page-60

Price of gold has gone up from ~$1700 an ounce in May 2020 to ~$2400 an ounce in 2024. The above are in USD and much higher in AUD.
POG increase goes straight to profit.
What has management done for shareholders during this period of 4 years? They had enough chances to “future proof” the operations.
All they are doing/ have done is wasted shareholders funds in M&A and big plans. Assuming current operations will lead to cash generation of $500 million per year, a dividend of 20 cents per share still leaves about half of these funds for future investments ( ~1.142 billion shares on issue). No such thinking by the management is evident. They should look for future growth in their own resources/ areas and give up any thoughts of M&A at this time as no bargains will come their way at these elevated gold prices.
Personally, will be happy if RMS is taken over by a bigger company which is stable and has shareholders interest in mind. If RMS management does not reward shareholders when gold prices are this high, they never will.