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47.5¢ breaker resources nl

Ann: Target's Statement to Recommended Takeover Offer Bid, page-12

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rhart3

1,072 Posts.

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11/04/23

15:52

Post #: 67219604
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Originally posted by mulac1: ↑

Hi there tangs, As Country Writer pointed out, more than half the current hedge will be met by the year's end. And there will be a lot of production selling at the spot price.

My post was just meant to put it out there because it seemed not to be part of the general discussion.

My sentiment is that the offer, in a rising gold price market, is an offer that is also rising. If the script ratio is improved to appease TS and others, it will be reflected in the RMS share price and consequently may see a temporary setback in the RMS share price.

The three way conundrum for some BRB holders is 1. Do they exit BRB to take a cash position or to invest in other companies? or 2. Do they hold out for a better script ratio and risk being stranded? or 3. Do they choose to be part of the broader RMS business that will include Lake Roe?

ATM, I still have enough pop corn to keep watching this play out. However, there is a high probability that I will become a RMS share holder.

cheers
Mulac1

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The Golden Horse has looked after me for 15 years or more Mulac, why not come along for the ride. Good Luck to all holders.

BRB Price at posting: 49.5¢ Sentiment: Hold Disclosure: Held
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