RTG 0.00% 3.7¢ rtg mining inc.

Gold looks like it will push through US$1,250 and copper through...

  1. 23,919 Posts.
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    Gold looks like it will push through US$1,250 and copper through $2.20/Lb - starting to look bullish

    I have always considered/feared RTG to be a T/O target

    It is classed as top 5 deposit worldwide

    The FCF generated from this thing will be huge, so I expect an opportunistic major to take it off our hands long before it ever sees production

    OBS got heavily manipulated before their $170M T/O bid. They had 2Mozs @ 3.4g/t in Africa from memory. This looks exactly the same scenario

    RTG under $1 is a sitting duck

    They would want to get the ECC and DFS out fast and start building the SP. Luckily there is Haines and other with blocking stakes, but doesn't help if the bid comes from them !
    Last edited by vontrader: 01/03/16
 
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