.. “I think the shares may be much lower if the rumours of a RMS takeover hadn’t been circulating around Kalgoolie for months”…
I’d also argue - based on what Simon has said, and expert opinion on these threads - that the price here has increased in recent times based on the merit of drill results rather than simply because of the rumours around Ramelius!
- At a time when gold has been getting more and more desirable.
… Not forgetting other advantages like the mill
I am no expert on gold, trading, or much else, but fact it was the Ramelius share price that was coincidentally much-reduced leading into the merger announcement on March 18 adds credibility to this idea for me;
Mind you selling at the top would earn good ‘swanking rights’.
But then I wouldn’t have a share in a gold mine Ramelius believes is worth more than $2.4 billion .….
And what if there is a global giant out there plotting to take both as Simon theorised last year?
cheers
SPR Price at posting:
$2.22 Sentiment: Hold Disclosure: Held
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