RMS 1.54% $1.98 ramelius resources limited

until they are they are wound up Explaurum will very definitely...

  1. 1,834 Posts.
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    until they are they are wound up
    Explaurum will very definitely not be wound up !!
    The remaining EXU shareholders will be receiving soon a compulsory acquisition notice and after that a cheque in the mail for their EXU shareholding multiplied by 2 cents plus a holding statement for their RMS shares .
    Ramelius gets to own 100% of Explaurum ...its tenements, mining permits, debts , cash ..and its tax losses.
    Ramelius can supply goods and services to its wholly owned subsidiary for a ( decent) fraction of usual commercial prices but most importantly can start searching out financing options for third parties ( banks, metal streaming providers, super/pension funds) who will be tempted by the high tax free cashflows emanating from Explaurum. Explaurum can write hedge fund contracts- supported by Ramelius if necessary- to lock in margins into 2020 and 2021 sufficient to underwrite an exploration programme to prove up the feasibility of a stand alone mill to service Tampia and the nearby Holleton tenements .
 
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$1.98
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