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EXU explaurum limited

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I think it has something to do with Edna May onto the last ore...

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Sparrow2009

288 Posts.

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10/09/18

16:24

Post #: 35501822
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Originally posted by Davisite ↑

I think this from the announcement is unusual

at Ramelius' request, the Explaurum Board met with senior Ramelius executives last week to better understand Ramelius' proposal and to explore the potential benefits of a merger for Explaurum and Ramelius shareholders. Ramelius declined to provide meaningful information and the meeting participants agreed that those discussions would continue. Accordingly, Explaurum is surprised and disappointed that Ramelius has proceeded with its announcement before completing any meaningful engagement;

Why exactly did RMS go hostile so early? Is it because they looked at the results coming out of Mace and decided that they had to act now?

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I think it has something to do with Edna May onto the last ore benches in the pit and fast running out of mill feed with nothing to replace it in the short term...and a dirty great big cutback to do on the pit that will cost double what EXU will to buy and mine the oxide component.

EXU Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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I think it has something to do with Edna May onto the last ore...

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