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47.5¢ breaker resources nl

Ann: Ramelius Makes Recommended Takeover Offer for Breaker, page-19

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tangs

41,608 Posts.

508

20/03/23

10:30

Post #: 66853674
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Originally posted by jdpc35: ↑

@hewi and others.

This is not a normal takeover in that the major asset here is the $80m cash. As we well know (courtesy of the Bond Corp / Bell saga), RMS can only touch that cash if it gets to 100% of BRB. Anything short of that and they control BRB but are stymied on doing what they are really wanting which is to have access to the resource and an easy top up of cash reserves.

So, if there are a group of BRB shareholders who speak for 10% or more and so "no way" on this lowball offer, RMS will be caught in no-mans land on the deal or have to up their offer.

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they already have 20% agreed ....50% is a doddle ...that's the reality
my advice to you all is to HOLD the RMS shares and not sell ....RMS is undervalued at this GP
(I'm a long term RMS holder )

RMS are known for very good mine management and being a bit conservative
paying 1c divi and was 2c the previous year
good synergy for their nearby tenement

GLTA

BRB Price at posting: 29.0¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

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