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.
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Last
7.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.03M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49994 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 75092 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49994 | 0.070 |
1 | 7533 | 0.069 |
1 | 40000 | 0.065 |
1 | 18884 | 0.053 |
1 | 57500 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 75092 | 1 |
0.080 | 80000 | 2 |
0.085 | 7979 | 1 |
0.095 | 23156 | 1 |
0.098 | 4000 | 1 |
Last trade - 16.12pm 11/07/2024 (20 minute delay) ? |
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