I have been watching the Spartan/RMS situation unfold and the Ramelius people have now missed the boat if they have had serious corporation ambitions to takeover Spartan.
Spartan are on their way.
i think RMS should sell Spartan and reinvest the money closer to home into RXL … as it’s just down the road from their Penny West high grade honey pot.
Given the new management and exciting outlook ahead for RXL, RMS are going to look pretty stupid not buying a seat at that table.
RXL have another stage 2 placement to digest on Jan 20, then it will be blue sky ahead … so if RML are going to move, we may see it sooner, than later.
RXL Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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