Originally posted by timmayd
Hi all, "Explaurum has granted Ramelius a limited period of confirmatory due diligence in relation to the Tampia Gold Project." Does this mean just Tampia or is it also including A8 and Mace + other look-a-like targets not yet commenced?
As long as I've been around, there has been significant upside touted the whole way with current exploration remaining open in Tampia pit; I do understand when it comes to valuations RMS are not going to pay for things that do not exist (formally at least). But having access to this data may help us reach a happy middle ground.
I'm with Ajax, another 2c and 4:1 and I think I'm there; that's roughly $9.25m-$9.63m more to than proposed future offer.
That's one thing that definitely will not happen .
The proposed offer is way over the mark in terms of $'s / res. oz and and can only be justified by valuing blue sky potential and synergies but there are limits to that and trust me , those limits have definitely been reached .
EXU directors talk about commercial discussions with RMS .I suppose the most likely thing they are talking about is at what price the directors will put their stamp of approval on the offer . Likely to be the 4c cash but if RMS don't like what they find in DD (enough) they could reduce it or just stick with the original offer or walk away .
OR ...perhaps it's possible RMS might cease the offer and instead work out some funding package with EXU or even a jv say on Mace or both .
I suppose the other thing they would talk about is if T/O continues does Mr L get a seet ion the RMS board .
