"and not forget: As a Regis shareholder you currently receive...

"and not forget: As a Regis shareholder you currently receive over 4 percent dividend. this is unique in the gold sector."

Good but not unique. I just got a total of $3.70 of dividends this year on a $7.00 share with TBR.

I've never been a shareholder of RRL before but if they get CMM I'll probably hang onto any shares I get and look to buy more as I think the value CMM is a an absolute steal for RRL.

At 11.4cents we aren't getting anywhere near the $243 million NPV (at 8% discount rate) and the value of Tramore hasn't been factored in.

11.4cents is only ~$85 million undiluted ($86.5 million fully diluted, if you include the 10.8 million 10c options that would be in the money at 11.4cents).

I mentioned in a post a last month that Tramore has every chance of turning Bibra into a ~1,600m long super-pit.

https://hotcopper.com.au/threads/an...4369370/page-14?post_id=35049965#.W6i268K6ztQ

If RRL get CMM for 11.4cents they are ripping us off badly but if we hang onto their shares we should see the value at the back-end of the deal once they develop the project (assuming their other projects aren't a drag, I'll need to study those more before jumping on the RRL train for the LT). Esh