Pints you should have been a lawyer ,(perhaps you are though )...

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tangs

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13/12/18

20:54

Post #: 36853090
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Originally posted by pints: ↑

"I think RMS won't be rushing into anything but evaluating the scale and grade of available ore so that the best possible option is chosen"

I think the amateurish approach by Directors of RMS have demonstrated that they have already rushed into this predicament which they are now even more desperately trying to resolve, by their initial ill thought out hostile takeover. They espoused virtue, but have been quite aggressive in their continued attempts to steal the assets of EXU.

This most recent, desperate and last attempt will receive a swift and proper rebuttal from the EXU Directors, I assume.

The economics for RMS are demonstrably suspect even by their own previous Due Diligence investigations. So, how can an increased bid be economically justified for RMS Shareholder approval???

Questions must be raised by RMS shareholders at the next step!

The ALK, passive investment offer is too good to refuse and should go ahead.

An assured $15m injection into EXU will allow the Company to fully prove up not only Mace, but also, and very importantly, Anomaly 8. These two significant prospects can add enormously to the NPV of EXU. Not to mention the yet to be release infill drilling results of Tampia.

There are some, who I understand, that seek a quick buck from the RMS offer. Be that as it may.

However, I ask. Why throw the baby out with the bathwater?

Whilst the RMS offer may appear appealing to short term holders, the optimum value in EXU IS certainly yet to be realised by a stand alone operation which undoubtedly will show many multiples of the current offer price by RMS.

I am sure the 10% equity owner would not consider selling at such a low level, so why would any sane shareholder who can se the upside sell?

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Pints you should have been a lawyer ,(perhaps you are though ) .

You did read that large holders comprising 14% of stock have already agreed to vote against ALK ?
I assumed that was the biggest couple of holders but could be wrong .
Hard to go against that when many on this page have stated they intend to back the RMS offer and so many never vote at all usually .

I'm thinking the board more likely to back RMS offer to avoid the embarrassment of being voted down .
Who's the 10% holder you mentioned ?

EXU Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
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