BRB breaker resources nl

Ann: Board Changes after Ramelius Gains Controlling Interest, page-2

  1. 3,263 Posts.
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    The fact that Zeptner himself (MD of RMS) is now on the Breaker board is a clear sign that the Breaker actions going forward will be aligned with RMS's plans for the combined Rebecca / Lake Roe development. So those ~$80mil funds that Breaker are sitting on will be spent with that future development in mind. I accepted the RMS offer last week..... and it's clear that more and more BRB shareholders are doing the same. They should hit 80% in the next week or 2 then 90% won't be long after.

    So RMS will get their 3rd hub.... but by the time it's operational one of their existing ones may not be! So I think Mark and the board need to get cracking on the plan to extend the life for Edna May beyond 2025..... it's most likely via a TO of another satellite mine in the region (it's their tried and tested approach)... not sure who though.
 
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