Originally posted by smartdude
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 a EXU holder, am a RMS holder. I wouldn't put too much weight on the use of "materially", a "material" effect could be as little as 5%.
Unless the Explaurum board was concerned that EXU holders would vote down the Alkane offer - and why would they, seeing it is at about a 50% premium and would see Explaurum largely through to FID for the Tampia project - then the only rational reason for delaying the vote on the Alkane deal is because they think EXU holders will approve the Alkane deal, effectively killing off the Ramelius takeover bid. In my view the Explaurum board actually want the Ramelius deal to go ahead but they are attempting to get Ramelius to improve on the straight 1:4 offer.
