RMS 1.54% $1.98 ramelius resources limited

I don't think it'd be with RMS- MZ has said we'll bed down the...

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    I don't think it'd be with RMS- MZ has said we'll bed down the recent acquisitions before doing another one. This approach is appropriate; we're still not fully valued with the additional resources / reserves / production / dividends. The real re-rate is still to come, a lot of heavy buying up to this point suggests a lot of wealthy people see this. We want to do scrip deals at a higher price, so MZ will wait.


    DCN have stumbled at the start (think about it- lots of maintenance needed on their new plant? I don't believe the spin). Now they need cash, which we have lots of, a merger with RMS would conveniently conceal the sins of their over-optimistic feasibility study, but I think they'll try to do it with someone else.

    Last edited by Patron: 27/03/19
 
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