Would be a ballsy move for WGX to launch into a PNR bid straight on the back of the Karora deal …but the downside if PNR was part of the vision is that given continuing operational improvements and gold prices they may miss their chance or pay substantially more.
History would show the Westgold Board’s hesitation of an early renewed bid on Gascoyne ( Spartan) after the first attempt has proven to be a poor choice with hindsight. ( For the record I was one of few at the time who wanted the Westgold bid to succeed )
My view and others
@Joelstar is that GOR, RRL may see Norseman as a bolt on fix. There is probably others as well as the gold producer pond gets smaller and many miners are getting bigger and potentially more aggressive. The whole space will eventually become a feeding frenzy imo.
I still don’t know enough about Karora to comment, still have some reservations about Westgold but wouldn’t be totally against considering converting my PNR holding with the right offer going forward. Whilst I have been critical of WGX for sometime the current heavy capital spend and business renovation will eventually yield results and that time is getting closer imo.
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