Well it looks like the RMS original offer was reasonable after all. Not that far out of the ball park when considering the price before the offer.
Clearly the 5 cents extra cash would of made the offer overs and was correctly withdrawn. Well done again to RMS management on withdrawing the cash component.
summary from page 1 below.
The Independent Expert values Explaurum Shares – before taking into account potential value enhancements from the Mace Discovery or from operating and capital cost optimisations – at between 10.4 – 14.3 cents1 and the value of the Ramelius Offer in the range of 9.5 – 12.5 cents. Further information regarding the Mace Discovery is expected to be provided later this week.
Ann: EXU: Independent Expert's Report, page-2
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Last
$2.12 |
Change
-0.130(5.78%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| $2.16 | $2.16 | $2.09 | $9.998M | 4.708M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 181816 | $2.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.14 | 23452 | 5 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |