Ann: RMS: Second Supp Bidder's Stmt - Takeover Offer for EXU, page-6

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Davisite

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02/11/18

21:09

Post #: 36374997
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Originally posted by pints ↑

A lot of publicity in that statement form RMS, but no substantial difference in their bid apart from an extension to expiration.

And this : "Allows Explaurum Board additional time to consider merits of a dialogue with
Ramelius"---- ha ha, that's a laugh. It was RMS who broke off dialogue with EXU by launching a hostile t/o bid one day after they agreed to hold further talk !

In any event, EXU can continue on its merry way towards proving Mace; expanding A8; infilling Tampia; releasing an independent experts report and; the presentation of a BFS, all before the end of this year!

Fantastic progress towards what will be imo a multi million oz, stand alone project, over a number of pits.

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While I am no fan of RMS's offer (very lowball), I do think that there is value in RMS and EXU talking even if it takes ALK's help to make happen. An agreement over Mace could help both parties gain the best out of the situation.

EXU Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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Ann: RMS: Second Supp Bidder's Stmt - Takeover Offer for EXU, page-6

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