There's a reasonable probability that Ramelius will show interest in Caprice's Island prospect, it's just a matter of how and when. Ramelius has been drilling to the south of their shared boundary and the results of the drilling Caprice has been doing are due out in the next few weeks. The Ramelius geos would now have a fair idea of what to expect on the Caprice side of the boundary and of course Rob Waugh would be well acquainted with that whole area, and with Mark Zeptner, from his days at Musgrave. Is it too early for Ramelius to show its hand? Perhaps, but maybe not.
My guess is that Ramelius would give nuisance value at best to what Caprice has up at West Arunta so maybe they would only be interested in the asset and not the whole company. But a financial contribution now to Caprice would be a rounding error for Ramelius. Anyway, just a thought.
CRS Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
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