Not sure why RDM sp continues to fall. Today's announcement values RDM shareholding in MMA at $15M @ 20c per MMA share. For each 1c rise in the MMA sp RDM's MMA share valuation rises by $750K,
RDM get $500K from MMA for costs incurred and noting that their quarterly expenditure is sub $400K then RDM should still have $2M cash once the $500K MMA payment hits the books. So RDM's EV at today's closing price is $22.6M minus $15M MMA shares minus $2M cash = EV $5.6M
RDM is extremely cheap.
Ann: Maronan Metals $15m IPO Update, page-2
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RDM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $37.45M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $34.77K | 268.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 66431 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 82000 | 1 |
View Market Depth
| Last trade - 11.45am 13/09/2024 (20 minute delay) ? |
| RDM (ASX) Chart |