RMR 0.00% 4.8¢ ram resources limited

I heard that Ram tried to buy Buxton's Project in late 2014. But...

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  1. cpb
    512 Posts.
    I heard that Ram tried to buy Buxton's Project in late 2014. But the vendor went to Buxton in April 2015. In the mean time Ram had already gained a good tenement holding in the area.
    So not followers in this case, actually in front of the curve. I heard that the feeling was the Fraser Range was going to require more money than any junior had and that the company wanted to be in terrane where geophysics was reliable. Either the West Pilbara or the Kimberley. Clearly the FR has burnt nearly every junior. Matsa, Sheffield, Buxton and now Ram have left to pursue other projects. Winward says it wants to.
    So todays results are confirmation of fantastic work by the company and it's consultants.

    I think that the company will drill the best conductors and then do a cap raise after results are announced. Why?? because with the performance rights the directors got at the AGM, their motives of limiting dilution at low prices are aligned with shareholders
 
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