JMHO
Today's announcement of $27 million of cash and 37% of Dioro , MUST MAKE AVOCA WINCE!!!.
On a quick calculation , 37% of Dioro for Ramelius , has a current value of approx $45 mill , so RMS has a "war chest" of approx $70 mill if they chose to , or in the end were "forced" to accept the Avoca offer and elected to sell the in specie Avoca shares .
$70 mill CASH VALUE, with no debt and a production schedule that could produce between 30k and 60k ozs IN THE NEXT 6 MONTHS,is an extremely powerful weapon ( lets conservatively say 45,000 ozs @ net $750 cash cost per oz = another $33 mill .
So $100 MILL DOLLARS in cash BY THE 30TH JUNE...
So where/what will RMS look at next , if their DIO bid fails .......
Avoca is clearly stalking Integra as well ---and RMS has worked itself into a BALANCE SHEET position , where it could well bid , or counter bid in the event of a hostile Integra takeover .
I don't think the Ramelius Directors have played their last hand in this Eastern WA Goldfields consolidation ---by a long shot ---and what we lack in a JORC reserve , we may well make up in cold hard cash .
Next few weeks , with the DIORO agm on the 27th Jan , the expiry of the RMS/DIO bid on the 3rd Feb and the formal AVO revised bid , is going to be extremely intriguing.
cheers
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Last
$2.47 |
Change
0.100(4.22%) |
Mkt cap ! $2.863B |
Open | High | Low | Value | Volume |
$2.38 | $2.49 | $2.37 | $32.21M | 13.13M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 70796 | $2.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.49 | 23426 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 64699 | 2.460 |
3 | 21000 | 2.450 |
3 | 26617 | 2.440 |
4 | 8900 | 2.430 |
2 | 10264 | 2.420 |
Price($) | Vol. | No. |
---|---|---|
2.490 | 23426 | 3 |
2.500 | 11094 | 5 |
2.520 | 6100 | 3 |
2.530 | 1510 | 1 |
2.540 | 10000 | 1 |
Last trade - 16.10pm 08/07/2025 (20 minute delay) ? |
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RMS (ASX) Chart |