Ramelius cash top-up sets tongues wagging

A $A40 million placement introducing a number of new specialist US-based gold funds on to its share registry has done little to quell speculation Ramelius Resources is sizing up a bid for explorer Doray Minerals, especially when it is already sitting on $90 million in cash and gold.

Ramelius cash top-up sets tongues wagging Ramelius cash top-up sets tongues wagging Ramelius cash top-up sets tongues wagging Ramelius cash top-up sets tongues wagging Ramelius cash top-up sets tongues wagging

In a statement, Ramelius managing director Ian Gordon said the funds would provide the group with “financial flexibility to undertake a more aggressive development and expansion program of its Mt

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