EXU 0.00% 17.0¢ explaurum limited

Ann: RMS: Response to EXU Target's Statement, page-34

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  1. 1,874 Posts.
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    As an EXU shareholder, I support the concept of joining with RMS to release synergy benefits. However,

    I just think the current offer is too low. It's fine for RMS to say EXU was trading at just 7.4 cents pre offer,

    however it was also trading at $0.13 in April 2018, and this was before the Mace discovery. I don't expect financing

    to be a major issue (high grade deposit, relatively low production cost per ounce, addition of Mace new cheap

    ounces etc), however working with RMS will make it much easier......just offer us a reasonable price! On that note,

    the last sentence in RMS Response to Target Statement today clearly indicated that they are prepared to negotiate.

    I look forward to a sweetened offer!  

 
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