Ann: Ramelius reaches 90% in AOP takeover, page-21

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nordesmic

4,322 Posts.

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06/02/22

14:00

Post #: 59388419
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Originally posted by Fosss ↑

triage I don’t think the acquisition of Apollo is the end game for RMS in this part of the district.
RMS is looking for a 3rd mining hub for where it can treat its ore. May sound like a bit of a long shot but they are only a stones throw away from NST’s Carosue Dam operations and there are whispers in the market that NST may be looking to divest this investment.
If that was to be the case the next company that RMS may be running the ruler over may be NXM (Nexus Minerals) who have just raised approximately $20 million and will be drilling all of this year at the Wallbrook Project which is located just 30kns south of NST’s flagship Karari mine which is located right next door to the Carosue Dam mill. This region is screaming out for a consolidation of assets in the area and if NST is willing to play then that may be RMS’s end game in the district.
I’d be keeping an eye on NXM they are drilling what is likely to be or become a very significant deposit and strategically positioned for a takeover either by RMS or NST. if RMS takes out NXM then I think RMS and NST may have already been in or begun talks with regards to the sale of the Carosue Dam operations. Would be a perfect fir for RMS. They would then have there 3rd processing hub.
Full disclosure I hold shares in both NXM and RMS.

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Whispers in the market that NST wants to divest Carosue Dam? Are you the source of this whisper?

That makes absolutely no logical sense. Carosue Dam is currently one of NST's best performing assets, has close to 2Moz of reserves (4Moz of resources), only recently had its mill upgraded and is running above nameplate.

RMS Price at posting: $1.38 Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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