While I would prefer to get shares in the Ramelius float for free (and who wouldn't) it looks a pretty safe bet to subscribe for the FPO's for 20c with a 1 for 2 free option.
Beach shareholders are to be given "priority" - not a "freebie".
Looking at the prospectus carefully I like what I see. The range and location of the tenaments is impressive as is the company's conservative strategy.
This is a spin off from the "new look" Beach (post consolidation) and, I for one, like the management style of both companies.
Ramelius looks set to follow in BPT's footsteps. It won't happen overnight.
With the gold price in steady long term uptrend upward pressure on Ramelius' share price is a reasonable bet.
This is one (like BPT itself) to lock away in the bottom drawer and come back later and be pleasantly surprised.
Wealth generation for patient shareholders will, I believe, be forthcoming.
I have subscribed for a hefty swag of Ramelius.
But .... each to his / her own.
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$1.18 |
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Mkt cap ! $2.680B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
3 | 20075 | $1.17 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 20000 | 1.170 |
1 | 16549 | 1.165 |
4 | 18311 | 1.160 |
5 | 147999 | 1.155 |
19 | 230738 | 1.150 |
Price($) | Vol. | No. |
---|---|---|
1.175 | 22208 | 2 |
1.180 | 81000 | 3 |
1.185 | 50890 | 4 |
1.190 | 20000 | 1 |
1.195 | 65960 | 5 |
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