RMS ramelius resources limited

Ann: Ramelius Takeover Offer for Explaurum Limited Presentation, page-86

  1. 3,232 Posts.
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    This is more sensible suggestion than ignoring the RMS offer. The only problem is that EXU must be close to running out of cash. They must be down to below $1m based on their normal spending rate after spending most of the the June 18 reported cash balance.

    EXU are not in a strong bargaining position at the moment in my opinion.
 
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