Yes Garant I have stated twice requirement of shareholder's approval - however one must be wary of on market accumulation via disguise of a number of funds. RIO go to max 19.9% - Sprott at 10.19% and board memeber totals = 7.5% - total around 32.7%.
Another 17.5% needed to pass any potential takeover which currently is in retail share holders so all bodes well for now.
Putting a number on potential SVM takeover is not appropriate at this stage. @ a buck sixty you're talking over 800 million aud market cap - RIO on top of next 4.99% top up would be needing another 672 million aud to take the remaining 80.1% - sounds a bit rich at this stage - best wait for PFS and other progress - graphite qualification - permitting - etc and expect the SP to move higher on those key milestones - then assess any potential RIO takeover price as I anticipate management will see it. I believe RIO would have done due diligence and wanted the lot but management held them off - knowing the likes of RIO engage with minnows for sole purpose of takeover of quality asset. Well played by management whom will now use the large cash to deliver a great outcome. Beware the penny traders in the coming months that will stymie SP growth as they come and go - as already seen since RIO ann.
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Last
67.5¢ |
Change
0.015(2.27%) |
Mkt cap ! $404.9M |
Open | High | Low | Value | Volume |
68.0¢ | 68.5¢ | 67.0¢ | $83.25K | 122.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 732 | 67.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
69.0¢ | 1400 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 732 | 0.675 |
2 | 17958 | 0.670 |
1 | 1209 | 0.665 |
3 | 58227 | 0.660 |
2 | 703 | 0.655 |
Price($) | Vol. | No. |
---|---|---|
0.690 | 1400 | 1 |
0.695 | 400 | 1 |
0.700 | 20000 | 1 |
0.725 | 15000 | 1 |
0.730 | 28132 | 3 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
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