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47.5¢ breaker resources nl

Ann: Target's Statement to Recommended Takeover Offer Bid, page-62

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DrDrill69

626 Posts.

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18/04/23

06:01

Post #: 67322900
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Originally posted by paulb7: ↑

Thank you CW you now have my attention.IMO RMS will want 100% of BRB they will not let this go and there will be a cash component to get this over the line. Unfortunately l don’t agree we are getting a great deal it only seems that way due to the rising GP. I totally agree the deal long term is our best option but l can’t accept RMS getting what has been discovered to date and what potentially there is still to be found on the BRB tenements without paying a premium Yes the rising gold price has worked in our favour, would you consider the deal to be fair if the gold price went South, furthermore the rising GP also increases the value of what we have in the ground. As you pointed out RMS would have benefited selling into the current spot market so they have the cash if required to get this deal done. I’m holding tight and watching this play out, l believe like minded SH who don’t believe this is a fair deal most likely will do the same.

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Spot on anyone with half a brain would agree with you. Also there is no guarantee that the gold price will continue to go up.

BRB Price at posting: 51.0¢ Sentiment: Hold Disclosure: Held
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