RXL 3.57% 13.5¢ rox resources limited

"RMS MD has stated that any new acquisition must be higher grade...

  1. 4,410 Posts.
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    "RMS MD has stated that any new acquisition must be higher grade and Grace, near mine, Deeps, Link and Junction certainly are."

    I see you are still at it, m0ngy. But once again you left out the bit the RMS boss has repeated only about a thousand times. They are looking for a project already in operation of about 100koz a year, lower cost, higher grade, for a step change growth. How does that in any way describe Youanmi currently?

    And this is where you say well, of course, Ramelius is saying one thing but intending to do another. So in other words you take the comments from Ramelius that suit your argument and discard the ones that scupper it. For about how much they could buy Youanmi, which clearly is not what they want, they could also buy projects already up and running.

    The MD of Ramelius has made a name for himself by under-promising and over-developing. If he is true to form he will not acquire a non-producing asset like Youanmi.
 
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