I will comment here rather than at RMS. As the “target” has more...

I will comment here rather than at RMS. As the “target” has more and better analysis.

Regrettably the RMS/SPR gravy train was not one I had climbed aboard.

However on Friday after “da Boss” trashed the share price of RMS I did so in that share.

Reasons:
1. Investing is ultimately about cash not possibilities especially in uncertain times and RMS has lots of it and will do for a while.
2. The investment in SPR adds another significant layer of resilience since high-grade and scale are like Mrs Eagles make-up kit; they cover most deficiencies as well as being much more a proxy for cash than lesser resources.
3. The share price fall was meaningful.
4. Without having the insight of others I thought intuitively the negative precision of the Mt Magnet presentation was not just stupidity.

So pleasantly surprised and hoping for major synergies and a sustainable slow burn to a major producer….