RMS 3.01% $1.94 ramelius resources limited

Ann: Ramelius Takeover Offer for Explaurum Limited Presentation, page-117

  1. 12,259 Posts.
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    In anycase call me stupid for exiting RMS at 57cents when the 0.9g/t stage 3 “resource” put the writing on the wall for Edna May and excuse me for seeing the opporuntity and synergies of Mace first and putting some of my money into EXU at the 8cent level. I could now exit on market for 10.5 - 11 cents if I wanted. ie Saved a 26% loss on RMS by seeing that their stage3 resource is far too low grade and currently holding an unrealised 30% gain on EXU based on spotting Mace early and all this in a very tough market for gold stocks. Maybe you might give me some credit for seeing this early rather than being condescending to the extreme by suggesting it’s the smart EXU holders that are selling now. I’ll wait for the sweetener and/or wait to see how the offer develops, ie I want to see the take up rate before I capitulate to the offer or sell. Anyone selling now is not smart IMO, plenty of time to make up ones mind.Esh

    https://hotcopper.com.au/threads/an...4293456/page-19?post_id=34237056#.W5jL6Ro_WhA

    Price of RMS at the time of posting the above “heads-up” post - 56.5cents

    Esh
 
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