It might be RMS raiding SPR but it’s more like Luke Tonkin’s MO. when he ran SLR he bought 10% of RED last September, sat on it for a while and now he’s running merged SLR-RED with half a billion burning a hole in his pocket.
RMS just walked away from Karora priced at $1billion as too expensive but that’s better than SPR (pumping out serious ounces, not a development project), and WGX merger couldn’t be agreed when it was worth around a billion too. So I don’t see why RMS would pay a billion for SPR now after not doing those deals
RMS has also intervened in WGX-K, the takeover panel is taking its good time so I figure they’ve found something to investigate, another cash bidder has appeared for K (Goldfields?), also some very interesting rumours around the exclusivity breaches; I first thought RMS f’d up messing with the TO panel but the WGX-K deal looks to be falling apart, then RMS-WGX is back on the cards.
Lots of miners with lots of cash, it could be anyone buying SPR but I doubt it’s RMS, could be wrong, will find out soon enough.
Ann: Cue Project approval, page-140
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