The offer price is too low.
Offer price is $130.7 million inc our cash of approx $75 million.
We are being offered $50 million ($29-$30 per oz) for Lake Roe depending on our cash remaining.
I don't mind the takeover by RMS but the price is way too low, very opportunistic with the existing gold price.
Will not sell at this price.
Annual production estimate from 8/2/2023 presentation:
Low risk option at 5.4:1 strip ratio makes pre tax cashflow $218 million.
Mining head grades of 1.72g/t
99% of material JORC Indicated
https://www.spglobal.com/marketinte...-price-paid-per-ounce-up-on-high-market-price
![]()
- Forums
- ASX - By Stock
- Ann: Ramelius Makes Recommended Takeover Offer for Breaker
The offer price is too low. Offer price is $130.7 million inc...
-
- There are more pages in this discussion • 93 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online