one wonders what fees are being paid by Ramelius for this document ?
Has the company got good value for the contributions from the authors of the document ?
Yes, there are 9 reasons advanced to ACCEPT the bid but there is no attempt to place Spectrum's 355,000 resource ounzes in a peer comparison .
I'm referring to Gold explorers with bigger resource base but with market capitalisation at a mere fraction of SPX's $210m .
There is no attempt to analyse this transaction amongst recent gold company transactions. I understand that this transaction is at a 2,080% premium to the 1 year MinesOnline Market Metrics Analysis average transaction value per resource ounce of gold.
yes..that's 20 times !
lMaybe Ramelius directors don't want to alert their shareholders that SPX shareholders will end up owning 18% of the enlarged company for their piddly 355,000 ounzes.
Ann: Bidder's Statement RMS Takeover Offer for Spectrum Metals, page-2
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Mkt cap ! $2.308B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
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Sellers (Offers)
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| Last updated 15.59pm 17/05/2024 ? | |||||
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