G'day. You don't have to be Einstein to calculate that VMC is undervalued but by how much ?
I will have a crack:
Under the deal VMC receives 110m RXL shares which are currently trading @ 27c equals $29.7m of value. Add $5m cash equals $34.7m. Divided by 178,078,683 shares on issue gives a valuation of 19.5c a share. Add vanadium, REE, copper & zinc, lithium exploration acreage with positive surveys/sampling/nearology at a conservative value of 5c per share and I get a valuation of 24.5c per share. If RXL gets re-rated to 35c per share I get a valuation of 29.5c per share. Management options will dilute but not significantly.
So my back of the envelope calc is 24.5c to 29.5c.
G'day. You don't have to be Einstein to calculate that VMC is...
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Last
8.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.55M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.2¢ | 8.0¢ | $5.983K | 73.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83938 | 8.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 7493 | 2 |
View Market Depth
| Last trade - 10.25am 16/05/2024 (20 minute delay) ? |
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Last
8.1¢ |
Change
0.000 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| 8.1¢ | 8.1¢ | 8.1¢ | 16477 | ||
| Last updated 10.50am 16/05/2024 ? | |||||
| VMC (ASX) Chart |