Rms cannot afford a full takeover. Would need to be a merger and...

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Baraka

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04/12/24

09:07

Post #: 76905497
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Originally posted by sabine: ↑

Good morning Speculator and your posts are always thought provoking.
On the subject of the acquisitive eye of the Ramelius;
I think a $220 million cap raise at $1.32 a share equals 166 million new shares (someone else truly needs to confirm this as, even when I ask google, I can get numbers wrong)
…And on participation in this raise, the Ramelius holding will be 19.9%?
They had 17.89% as of July 1 [notice] which means they could only acquire about 1% of new total shares on issue (around 1.28 billion after raise?) without setting off takeover ructions
………. So, if they have the cash to buy (‘only’~$1.28m?) why would they NOT jump into this excellently priced offer?
-Regardless of whether the acquisitive eye will be hungry again later?

So despite that the increase has increased media and HC speculation on Ramelius takeover I am wondering (until someone corrects my maths) if anyone else large has seized the bulk of this opportunity?

And the only thing I wanted to add was that, when I asked about timing on the mill starting up again (Nick said something like ‘ah the gold bars question!’ ) they said they estimated bringing it all together would take about 18 months.
I queried; did that mean they felt they would be starting production around EOFY ‘26 and they thought a bit and nodded.
I don’t know how that fits in with the question of 200 kilos of gold a year in 2027 (which, under that 18 month scenario, would be first FY of production?) but I thought I’d add those comments .
Perhaps someone going to the Melbourne event can clarify?

cheers

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Rms cannot afford a full takeover. Would need to be a merger and that’s not what Zep wants. To much uncertainty around Rebecca Roe to want their scrip right now.

keep your friends close and enemies closer! Rms above all others would know how special this looks. It’s in their backyard.

anyone comes knocking they need to get rms on side. Back door just got a fair bit tighter.

SPR Price at posting: $1.42 Sentiment: Buy Disclosure: Held
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