Is that the kind of person Simon is? (To leave mates jobless?)
That $80m April cap raise was launched “to accelerate exploration and development of the Dalgaranga gold project“.
According to @chairs two days ago [ref] Euroz has upped its’ price target to $1.20 per share..
and back when RMS started buying it posted the interest came as no surprise slthough yesterday (after it opened a new debt facility?), Euroz seems to have accepted the takeover idea with the only questions being when and what price?
.. “…RMS have A$352.5m in cash and gold on hand, post the strategic investment in Spartan (A$180.4m).
RMS announced they have entered into a new revolving debt facility of A$175m with ANZ, CBA, NAB Natixis and Westpac for a 4-year term with the option to extend further by a year.
The obvious overhang for RMS whilst generating records amounts of cash, is what and when are they going to bid for SPR (scrip +/- cash) ?
They have shown their hand buying a 17.94% stake, and have bought stock up to 92cps.
- Research Analyst Michael Scantlebury
I understand that amalgamation is the name of the game in the last few years, and it seems all the experts around here, including Euroz, are reckoning foregone conclusion (eh tu @Joelstar ? ) but why can’t it just sit there and share the largesse ?
… And if it does have to happen what kind of scrip deal would be acceptable?
…and where do you think Simon’s ambitions might take him beyond Spartan please Joel?
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