The problem is that Rio can't go above 20% without making an official take-over. Currently Rio owns ~83m shares (15%) and including their options they will have 19.99% of SVM shares. Makes little sense to buy now...what...3.2m shares???
Maybe I'm wrong but highly unlikely...and if it was them we will know v v soon.
Ann: Application for quotation of securities - SVM, page-11
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Last
68.0¢ |
Change
-0.015(2.16%) |
Mkt cap ! $407.9M | |||
| Open | High | Low | Value | Volume |
| 68.5¢ | 69.5¢ | 67.8¢ | $241.1K | 352.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25386 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.5¢ | 7300 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SVM (ASX) Chart |