agree with your assesment of assets and the fact that QGC (BG) need the acreage to supply their proposed plant and imo that is exactly why RPM board should trigger termination clause and force QGC to get their cheque book out and make a fairer offer. Ideally a 3rd party would lodge a higher bid. I dont know how likely this is.
The RPM board has the upper hand if it chooses to flex its muscle on behalf of the shareholders
worst case scenario the bid falls over and RPM develops the assets solo (or with partner) and adds significant value in the process. The buzz around csm assets is here to stay and aussie csm assets remain significantly undervalued which is exactly why the big boys are swooping on juniors now.
RPM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
