I certainly wouldn’t short RMS KlothoThat short may have been...

I certainly wouldn’t short RMS Klotho

That short may have been raised by someone at $1 plus ahead of an equity issue to partially fund the well speculated Carosue Dam purchase

my point for traders though is I think OBM can go much higher (in % terms) than RMS in the coming years

You can see the value proposition for OBM in their ASX ‘Strategy & Valuation’ release last month

Rather than go for Carosue Dam … I prefer OBM because,

RMS are proven, very good plant operators
They want an Eastern Goldfield hub
The OBM situation has turned around and now producing cash flow
RMS need higher grade/margin feed in these times of rising costs, and the higher grade exploration upside is huge
RMS could use the $300 million plus OBM tax losses
OBM trading at 15% of replacement value
OBM is a very affordable purchase that won’t dilute shareholders
OBM has a 45% shareholder, so negotiation and execution easy