Over 25% traded today. If it is RMS they cannot exceed 19.9% without making a bid and so could be today or tomorrow. Surprised MKO not in a halt yet and also surprised that top 20 would be willing to bail at $0.06.
The plant alone is probably worth $0.20 per share in replacement value. Also a nice resource building at Corboy could also be worth another $0.20 per share. Synergy of having plant plus gold is worth even more. Add to that the synergistic value to a company like RMS and you have a very attractive target.
The top 20 know this so why would they be selling at $0.06?
Over 25% traded today. If it is RMS they cannot exceed 19.9%...
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