Yesterday RDR gained S G Hiscock & Company as a major shareholder. About two years ago Westgold Resources (WGR) gained same as a major shareholder and they are still holding. My question is, is there a tie-up and how could this be used to further either RDR or Metals X (which is taking over Westgold at the moment and is a new major shareholder for RDR).
I note that Westgold Resources, in its presentations, never mentions its major shareholders, and that one key broker/analyst Bell Potter never does either, whereas Patersons and another do mention this. To me it seems as if some repeated strategy may be unfolding.
Any thoughts? Thanks!!
flamencojazz
NMT Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
