RMS 1.59% $1.92 ramelius resources limited

Ann: Ramelius makes strategic investment in Spartan Resources, page-10

  1. 3,793 Posts.
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    You're talking a huge difference between taking over a 200 million capped MGV compared to a 1 billion capped SPR.
    The strategies will be completely different.

    An SPR MRE update is imminent.
    MZ realises this could quickly get away from him if MRE surprises to the upside or drill results continue to build positive momentum.
    This is a foot in the door option.
    Worst case scenario, SPR SP takes off and RMS make a nice return on their investment.
 
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