RMS 2.44% $1.05 ramelius resources limited

Ann: Ramelius makes Recommended Takeover Offer forSpectrum Metals, page-103

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    There are a lot of variables including plant capacity, trucking costs, cost of acquiring each ounce etc. Will an acquisition of SPX (or other companies) increase annual production and the mining margin enough to increase EPS or is it simply replacing depleted (mined) ounces? If the RMS share price remained constant and it increased outstanding shares by 50% (which with another acquisition could easily occur) that would create a market cap of circa $1.5b. Then RMS is suddenly competing for shareholders with the likes of RRL and SBM which have a 400k Oz pa production profile and 10 years of reserves life. RMS would not be able to justify a $1.5b market cap if its production profile remained at 200-220k ounces, particularly as it has pre-sold much of its medium term production at a much lower price than the spot price of gold.
 
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Last
$1.05
Change
0.025(2.44%)
Mkt cap ! $789.0M
Open High Low Value Volume
$1.03 $1.06 $1.00 $6.280M 6.099M

Buyers (Bids)

No. Vol. Price($)
1 14568 $1.05
 

Sellers (Offers)

Price($) Vol. No.
$1.05 187764 7
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Last trade - 16.10pm 09/04/2020 (20 minute delay) ?
(live)
Last
$1.04
  Change
0.025 ( 0.81 %)
Open High Low Volume
$1.03 $1.06 $1.00 701506
Last updated 15.59pm 09/04/2020 (live) ?
RMS (ASX) Chart
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