RMR 0.00% 4.8¢ ram resources limited

Ann: 3 New Fraser Range Tenements Secured , page-22

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  1. 11,521 Posts.
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    RMR is essentially now a proxy play for SIR's current drilling campaign at Centauri and Crux.If SIR were to go into a trading halt for assays there then there will be a huge swarm onto RMR.A very clever move with minimum downside for RMR - they are gambling that SIR will have some results out within 45 days to give them direction on whether or not to take up the option.
    Where it will get interesting is if SIR don't release results within 45 days ...then RMR management will be faced with the choice of "piss or get off the pot"
 
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