RE:RE:RE:RE:RE:No ODY News Since April 23A review of the restart of Murchison Productiin based on a reassessment of the economics of potential cash flow generation has been going on for at least 6 months.
That would be substantial good news for this summer.
Still, those grades both topsides and underground at Turnakura along with quickly escalating gold resources while noting excess milling capacity by WestGold must be highly attractive to plans to add more cheap cash flows from open pit mining .
The extended silence from ODY, that its share price does not reflect its new Resource status seems to me to be indicative that negotiations await only the closure of the Karoka merger.
WestGold has failed in its several under the market attempts todate but with loads of cash and a bulked up market cap I can't imagine that they won't make an offer for ODY in particular and JV the entire Murchison package in general.
Owning both a drilling and mining subsidiary along with excess milling capacity, there is no quicker way to restart production at Murchison than by a JV with WestGold
Cathy is no longer running the show .
Dato knows WestGold from operating his Australian copper mine for a decade.
Dato likes to monetize his assets.
Whats there not to like..