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….
SPR Price at posting:
$1.60 Sentiment: None Disclosure: Not Held
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