RMS 4.67% $1.91 ramelius resources limited

Ann: Ramelius makes recommended takeover for Apollo Consolidated, page-55

  1. 38,864 Posts.
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    MZ has said that he hasn't stopped looking so no doubt that it may not be the last we hear in the near future of acquisitions .

    What we don't know about Bardoc is what the asking price was . MZ has said before that a lot of projects looked at weren't value for money because of venders high expectations .
    Apollo is cheap .
    Clearly isn't as big as Bardoc and clearly will take time but for me that seems to fit with RMS who have such a lot of things on their plate already at present so they can just chip away at the third milling centre over time .
    Also over time adding ground/projects nearby and expanding resource by drilling in a good region .
    I have less reservations about this than their last two company buys myself .
    Good bang for buck .
 
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