Ann: RMS:Ramelius makes Recommended T/O Offer for Spectrum Metals, page-46

What? RMS has plenty of liquidity, not sure what you are on about there? It's no CBA or APT for sure but it's more than liquid enough. 10x the value traded on RMS on an average day compared to SPX. That's liquid enough. It also has been trending up for the better part of 5 years. There are a whole lost worse companies you could get shares in that is for sure.


Takeover offers can be a bit of a double-edged sword, it gave us a nice kick in SP, but it also puts a bit of a mental cap on what people are willing to pay while that offer exists. That said, if you had given me 15c last week I would have bitten your arm off.

I do agree with most who have said this offer is probably coming in a little short though, given the SP was matching at 11c on Friday, you would be wanting at least 50% premium that, and it may well have ended higher than 11c. It does seem like quite the opportunistic offer.