smh on rms & drm, page-4

I think it won't damage RMS's wallet that much.

I suspect the recent jump in volume in DRM could be only around 1.5m shares bought by RMS in the past 3-4 days. This could prop RMS's interest to under 9%. Yet that 1.5m shares would only equate up to $2.3m, yet RMS has over $89m in the bank.

I have a feeling RMS may try and get over 10% before launching a formal bid on DRM with DRM director's blessing in form of scrip for scrip. That way they can use to the massive $87m + DRM's $15m to fund whatever exploration they need to push RMS from a local WA mid-tier to a truely Australian mid-tier gold company approaching the ranks of SBM and SLR in terms of market cap wise.

Only thing with scrip for scrip offer is whether RMS holders like their holding diluted.