Ann: Ramelius to accept Avoca offer for Dioro , page-14

Hi misterS,

Thanks for your post.
If my memory is as good as it once was, I am fairly certain that both Vale BHP participated in a cap raising by Heron @ $1.35 per share.
As far as I am aware, both participants are still holding all their original accumulated shares.

While I agree it is best to post only on RMS on this board,
I draw an analogy of HRR recently selling off all of their holding in MIN (which were gained by Heron when they accepted the MIN takeover of Polaris)in order to cash up and monetize the transaction. Similarly with Ramelius's shares in Avoca, it seems that RMS are best to cash them in (sell them) at the appropriate time particulary as we know RMS are on the look out for opportunities and as most know, cash is king!

As for the early dividend and capital return by RMS, I know that this has kind of haunted the RMS board and looking back, they have acknowledged to shareholders that it was not the smartest decision and yet, at the time, the decision was naturally well accepted by shareholders.

Perhaps the sidetracking to the main event has been the DIO takeover bid (this seems to be what a lot of holders here seem to think) however, DIO attracted two predators and only the RMS board really know what the real attraction was and the reasons behind their bid. From my perspective, it appeared that RMS had absolutely no chance starting from well behind AVO.

I have no doubt the next time RMS will be all the smarter from the experience, and I don't see how shareholders have been badly affected, even when taking the RMS share price into account, which has been erratic to say the least for as long as I have been a holder.

I used to think the day will never come to see underground mining at Wattle Dam and right now we know the "shitloads" of extremely high grades are surfacing and with continued depth drilling, god only knows (at this stage) what the future holds.
As another poster (fiendish??) has repeatedly said, high risk for high reward!!

G.L.
Sally.