RMS 5.78% $2.12 ramelius resources limited

RMS Chart, page-16

  1. 1,849 Posts.
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    Hi tangs

    As at 24/3 Anthony Barton & Assoc held 90,721,569 over 4 entities. (Approx 6.3%).

    It is possible that he may have ceased to become a substantial holder but not have sold all shares into the bid , however I doubt it.

    I think that RMS may leave the exercise of their options, 101M to the very last as this will water down the % now held as that 101M will have to be added to SOI for SPX.

    I calculated that after exercising the options and taking into account the watering down effect the net gain will be approx 1.5% which they may not even need in the end to get acceptances over 90%.

    I'm very optimistic that this 90% milestone will now happen as early next week.

    Let's hope the little lady is very quiet this weekend.

    AIMO.

    Jim.
 
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