All I can say is I sold my RMS position in the mid 20c (paid 5c) and I sold PGO 2.5c (paid 1.7c) so I could load up the truck into MKO av 3.8c ...back when it was very hard to buy a decent position unlike the last few months ...... reason why at the time I seen more upside for MKO ....
having talked with the MD(biggest S/H) a few times I'm confident he won't be letting MKO go cheap ...but at the same time is happy to for the right price .....
In his words BZW Plant / Camp / roading airfield etc etc would be easy 120mill to replace ...
the BZW plant only needs around 2mill spent on refurbishment ...before the big berth is chewing ore...
the big selling is not Mgmt but chinese wanting to invest elsewhere ..
Now I'm not 100% on this but as MKO has announced to the market of the keen party looking to lease the plant this would not mean they would have to go into trading halt if say it is RMS as they are first looking to raise capital ,,,,so maybe MKO would only have to go into trading halt once RMS goes to the next step after they have secured funding etc ...maybe we could see TH next week ....
MKO Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held