WGX and RMS possible tie up is very interesting. I am sure we will find out what its all about in time.
A number of industry commentators have been predicting a pick up in M&A especially gold and copper and its is happening and may do a lot more..
In 2022 and 2023 there were some acquisitions of advanced non-producing assets. But we seem to be seeing bigger acquisitions of producing assets in 2024 eg SLR/RED, WGX/KRR, BHP/Anglo, etc. There are rumours GOR maybe acquired, then there is DEG being touted as a TO target.
Are we seeing mid-tier and majors trying to acquire producing assets rather than non-producing ones to take advantage of the big rise in gold and copper - makes sense if they are as they can drive profits up much earlier than having to wait 18 months to 3 years for non-producing assets ( eg SPR).
The other thing to remember gold stocks are still cheap - they may be trying to buy producing assets now before the big profit increases arrive later this year and share prices really spike up as a result. Very logical to try and buy producing assets now.
ie I am not convinced RMS are looking at SPR - remember they also looked at KRR and now WGX. How many have they looked at.
SPR Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
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)