Not an outrageous option. RMS and EXU have spent time and money on attending to the takeover bid. I find it hard to believe that RMS now just want to just walk away.
A low depth, high grade deposit with what appears to be massive exploration upside still makes for a very attractive acquisition. In Mr Lawton’s “Diggers and Dealers” presentation he stated that the Mace deposit would materially (not a term you would use loosely IMO) improve the economics of the project. The release of the Mace update and BFS later in the month will have a large bearing on the EXU share price going forward.
The expected SP decline this week now makes a $0.02 RMS sweeter look very attractive to me. The upside and dividend expectations at the RMS level also are attractive propositions.
Next week will be a very interesting period for EXU.
Not an outrageous option. RMS and EXU have spent time and money...
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