Ramelius looks beyond WA

摘要

One failed takeover bid has not dampened Ramelius Resources Ltd's spirits. In fact the company is better placed to make an acquisition now than it was last year when it locked horns with Avoca Resources Ltd over Dioro Exploration NL's Frogs Leg project in Kalgoorlie. Despite Avoca claiming the takeover stoush, Ramelius pocketed 8 million dollars from the transaction. "Before we undertook that takeover we had about 20 million dollars in the bank and now we have about 70 million dollars and made 8 million dollars out of that Dioro transaction. It's actually been good for the company and put us in a great capital position and if something new comes along then we're actually able to move more easily and take it out," Ramelius chief executive Ian Gordon told Gold Mining Journal.