IMO, RMS would be better served focusing on getting Mount Magnet into production and ensuring that Wattle Dam keeps its costs under check.
With more than $90 million in cash and some overseas exploration interests already in place, RMS should not over extend itself and take their eyes off the main game of getting Mount Magnet into production, hence a I doubt a takeover of MCO or anyone else iis on the cards.
The current market cap of MCO is around $76 million and is undervalued in my view so some other companies are probably keeping an eye on MCO but I would be surprised if one of them is RMS.
MCO Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
