Looks like a pretty cheap purchase of high grade, high margin ounces for Ramelius to offset their hedge book which sees more than half their production committed at ~$1900AUD/Oz over the next 2.5yrs.
Question is - did Barton & Sprotts agree in principle or will they hold out?
Hopefully a 3rd party enters the room to make things interesting for holders?
GLTAH!
Ann: RMS:Ramelius makes Recommended T/O Offer for Spectrum Metals, page-70
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