One thing that seems to have not been put forward about RMS is their hedge book.
I had to look for it in the Qtly report.
March Q 23 to June Q 25 = 202,000 ounces at an average of A$2,606/ ounce.
For the calender year 2023,115,500 of that 202,000 ounces is hedged at an average of A$2,540.
For 2023 alone, that is around A$46,000,000 out of the money at Au A$2940.
Mulac1
Ann: Target's Statement to Recommended Takeover Offer Bid, page-5
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