If acquisition was to take place then lets hope it fulfils the...

If acquisition was to take place then lets hope it fulfils the following criteria:

1) The acquired mine was within trucking distance of the checkers mill at Mt Magnet - there seems to be a couple of options here - MUM, GCY or PAN's Gidgee mine.
2) Doesn't stuff the balance sheet up - remember all businesses are the same - capital management is the most important aspect of any business regardless of operations - so in RMS's case I would suggest no more than $10 million gross debt be utilised.
3) The proposed acquisition has a defined resource with exploration potential and can generate cash quickly i.e. with 6-12 months
4) The proposed acquisition have limited funds to develop its mine - this will give RMS the upper hand as any company trying to raise cash in this environment even if its gold will get screwed so we may as well as be the one doing the screwing.
5) Ideally the acquisition should have a higher grade than RMS's Mt Magnet resources as in my view the company has plenty of resources it can convert so why would you buy a mine with a lower grade that won't produce as much gold.

Just my thoughts - pity these guys don't have to do an Appendix 4C as we would see if any cash went out on the investment line.

Cheers