Ramelius launches unwelcome bid for Explaurum

A BIDDING war for the undeveloped Tampia gold project can’t be ruled out after Ramelius Resources launched a hostile scrip bid for Explaurum, the owner of the flagged 100,000 ounce per annum development near Narembeen in Western Australia.

Ramelius launches unwelcome bid for Explaurum Ramelius launches unwelcome bid for Explaurum Ramelius launches unwelcome bid for Explaurum Ramelius launches unwelcome bid for Explaurum Ramelius launches unwelcome bid for Explaurum

Tampia

Under the Ramelius scrip bid, Explaurum shares are being valued at A12.3c per share, capitalising the company at about $60 million.

That's up about 60% on Explaurum's value at the end of last week.

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