CG Price Target $1.15, page-46

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twouptom

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30/05/24

09:56

Post #: 74076840
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Originally posted by calmbeforestorm: ↑

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.

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calmbeforestorm
WGX and partner RMS would have more strength

to swallow SPR at good terms ????

SPR Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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