I agree. The RMS shareholders should be asking their management a lot of hard questions.
In a sense I think they were forced into the rushed TO by the recent Mace announcement. I think they have had their eye on EXU for a while, but when the first results on the scale of Mace were released they felt they had to act before EXU could get out a MRE and scoping study on it. Mace really changes the whole value proposition of EXU because of how shallow and high grade it is - I know CMM wishes it had a Mace-like deposit right now.
Ann: RMS: Second Supp Bidder's Stmt - Takeover Offer for EXU, page-10
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