GWA Group Ltd V.GWA

RE:RE:RE:Downbeat

[GOBOGOH]

Checkmate,

Like you say, times are now different.  Remember when we used to speculate about a takeover.  Hindsight and experience shows that we were naive in our thinking.  The Majors tend to only jump in when the risk of projects are largely eliminated.  Prior to GWA getting permitted and proving the ore could be economically processed no Major was going to touch GWA.   The risks have largely been eliminated.  Once GWA gets the mine up and running near commerical levels it will be a prime target for takeover target.  

GWA has a untypically complex investor structure with the Chinese and debt.  That takes times to sort.  The environment is finally good for financing.  Before you were lucky to get one financier interested, now you get can several interested.  I think Muskawlf will do very well buying at these prices - in for a penny, in for a pound.  Time to go big or go home.