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Ramelius in hostile 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 in hostile bid for Explaurum Ramelius in hostile bid for Explaurum Ramelius in hostile bid for Explaurum Ramelius in hostile bid for Explaurum Ramelius in hostile bid for Explaurum

Tampia in Western Australia

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

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