Yes, a bargain today. At 9.3c RDM has a market cap of $22.3M.
RDM hold 75M MMA shares which at today's closing price of 34c is valued at $25.5M plus RDM has $2M cash so RDM is selling at a 19% discount to its cash backed EV. Plus you got all of their other assets for zilch.
Drilling at the Yarrie project which is up trend of RIO's Winu discovery later this year could be massive.
Ann: Maronan Metals $15m IPO Update, page-26
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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 |