Fair enough Trireme. But it doesn't take much to realise its probably in the best interests of shareholders that RMS management don't reveal specifics of what they're intentions are. If they are looking to acquire some asset then revealing that information to the market may hinder them in the process or result in them paying more than they would need to.
There intentions were stated in the release. To undertake a more aggressive expansion and development program at Mt.Magnet (I would say they will opt for the big pit and an increased capacity at the plant) and to explore asset level acquisitions. Thats good enough for me.
I didn't like the original credit raising announcement before the details even came out, but now I have warmed to it.
The share price was already experiencing some weakness before the c.r. regardless, with the weak results at Wattle Dam.
Regards
RMS Price at posting:
$1.15 Sentiment: LT Buy Disclosure: Held
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