looks like a rival offer, page-12

I think this deal CAH+CQT+ the QLD asset of NCM is a done deal. Jake Klein is a very smart guy I must say.

The combined production level of the new company may exceed Alacer Gold's projected production level. So I think AQG may look for new targets.

SBM definitely will have to look elsewhere I think RMS, SLR and FML are the best options for SBM. Its cheap and opportunistic premium offered to CAH would be insufficient for a new target.

I hope RMS is a target with a good premium like a merger of equals. Say 1 RMS to get 1 SBM share with equal board members of both sides.

The new company will then have a market cap of $1.1b.

Disclosure: I currently hold RMS, I use to hold SBM, SLR, FML, CQT, and no longer hold them. I never held CAH.