OZL 0.00% $26.44 oz minerals limited

rxm as renewed takeover or merger opportunity, page-3

  1. 5,227 Posts.
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    Szaba,
    RXM has an open share register, the sp has been kicked from pillar to post, the market is saying that RXM has 2 chances of funding Hillside - buckleys and none.

    Work on the mining plan for Hillside as well as the processing plant has gone through concept and pre feas. So the ability to mine earlier than C is quite high.

    The answer to your question about premium to current price is "whatever OZL can get away with". I would start with a 20% premium and be prepared to go to 30%. I think most investors would grab the 20%, considering the inability of Hillside being funded by RXM.

    If the $750m on the bal sheet is used to purchase RXM and fund Hillside development, the cash flow from P Hill could fund the rest. SFR, IMO, would not need to be sold. OZL, I am confident, could bring Hillside to production and not go into debt.

    For what it is worth, the quicker OZL moved on RXM, the better.

    HT1
 
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