POG and VMC/RXL resources, page-2

Reposted from the RXL thread.
An RMS TO would be very positive for the Venus share price.



Thanks for posting those m0ngy. It made me look a little deeper at RMS and Penny West. The next 12-24 (and even next 4/5) months should be very interesting with RXL aiming to add to the existing resource base of 1.2Moz Au and define maiden resource by year end (AP RXL GM 280720); combined with RMS takeover strategy highlighted at the Noosa Mining Virtual given the numbers already identified at Youanmi to-date, and the proximity of Youanmi to both Penny West and their mills at Mt Magnet which they are actively looking to acquire additional resources for; their significant current cash & gold reserves and >$1.7b market cap (current); and Alex Passmore making it clear in Mining News interview that RXL are open to a sale, but only if it is in the best interest of RXL shareholders.

Like or dislike AP; the up or down rampers of the day; the resource is the resource, and the bigger picture, based on what's in the various public domains, appears to be becoming significantly more interesting.

Happy trading to all, DYOR as usual and share it here for everyone else to pick it to pieces and let you know if you've missed anything.