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Explaurum formally snubs Ramelius

As expected, Explaurum has urged shareholders to reject a scrip takeover from Western Australia gold producer Ramelius Resources, describing it as “opportunistic and inadequate”.

Kristie Batten
Explaurum formally snubs Ramelius

Ramelius launched the one-for-four scrip deal last month after trying to engage with Explaurum on friendly terms. Explaurum said it had "gently" declined an invitation to enter into discussions with...

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