SPX 14.3% 0.6¢ spenda limited

Ann: RMS:Ramelius makes Recommended T/O Offer for Spectrum Metals, page-6

  1. 10,075 Posts.
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    This is ok but not a great deal. So much potential not to enjoyed by SPX holders.
    Ramelius is taking advantage of the depressed SP

    61% of 10 VWAP sounds good by the SP was in the dumps over the VMC action
    What would the SP be today without the TO offer?

    At least 12 cps in my opinion
    And down the track much more than 15cps
    But management want the quick profit and the deal will happen
    Congrats SPX holders, not terrible but not great and that is how it goes on the ASK
 
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