Agree Trent,
if... the announcement is as of the 27th of June, then RMS roughly spent $87.5m on the SPR shares, meaning that with the $446m cash/bullion held, RMS was sitting on approximately $533m. With 3 more days of operations for the June Q, potentially closer to $535-$538m. Which matches/beats the March Q cash build of $125m (RMS ended the March Q with $407m)
RMS are likely spending more on non-sustaining capex this quarter, with Cue development beginning. If RMS can keep this up, they will be aiming for a cash/bullion/asset position of close to $750m by years end. An impressive outcome.
Ann: Ramelius makes strategic investment in Spartan Resources, page-32
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