M&A

BDO concludes Ramelius offer neither fair nor reasonable

UNSURPRISINGLY, the independent expert's report prepared for Explaurum's defence in the face of a hostile all-scrip takeover bid has found the one-for-four share offer from gold miner Ramelius Resources is neither fair nor reasonable.

BDO concludes Ramelius offer neither fair nor reasonable

BDO's bean-counters have determined the offer values Explaurum at between 9.5-12.5c, assuming a value for the Perth-based Ramelius of 38-50c, while it considers Explaurum is fairly valued at between 10.4-14.3c...

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