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Mark Zeptner says the acquisition will bring benefits to both Ramelius and Spectrum shareholders. Photo: Gabriel Oliveira

Spectrum shares surge on Ramelius offer

Goldminer Ramelius Resources has lodged a $208 million takeover offer for Spectrum Metals, after Spectrum settled its disputes with Venus Metals Corporation in relation to the acquisition of the Penny West gold project in Western Australia.

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Share Price

Closing price for the last 90 trading days
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Top 10 Shareholders

Substantial shareholders as published in the annual report.
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Total Shareholder Return as at 31/01/20

1 year TSR5 year TSR
36thSilver Lake Resources188%49%
63rdRamelius Resources133%58%
70thWestgold Resources115%
146thTribune Resources55%27%
417thBase Resources-2%13%
677 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Share Transactions

27/08/19
$765k Sold
03/06/19
$300k Issued
03/06/19
$1.3m Sold
Total value as at the date of the transaction
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Revenue

14th↓Westgold Resources$448.0m
15th↑Tribune Resources$364.7m
16th↑Ramelius Resources$354.9m
17th↑Silver Lake Resources$301.7m
18th↑Base Resources$299.0m
484 listed resources companies ranked by revenue.
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