Can't we now assume that with the new CEO (ex Mount Gibson Iron) that things will change?
For one reason, why would Metals X have bought 4.45% this month? Metals X is in the process of taking over Westgold. Westgold has 2.9m oz of gold, A tuned in contributor to the WGR thread commented that Metals X may be after some of the processing assets of Reed Resources. Put RDR and WGR together and there's about 6m oz of Au.
MLX has APAC as a major shareholder, and owns at least 20% of Westgold. APAC was a cornerstone investor in Mt Gibson Iron with Luke Tonkin as CEO.
Wouldn't we now be assured of some SP action via bundling of assets to onsell, or because of the prospect of some real live towards-production activity?
Luke Tonkin doesn't seem, from past history, to be a man of inaction.
NMT Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
