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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 (20min delay)
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Last
54.0¢ |
Change
-0.005(0.92%) |
Mkt cap ! $301.2M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 54.0¢ | 53.0¢ | $96.35K | 178.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18932 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 48687 | 2 |
View Market Depth
| Last trade - 10.54am 24/05/2024 (20 minute delay) ? |
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Last
54.0¢ |
Change
-0.005 ( 0.92 %) |
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| Open | High | Low | Volume | ||
| 54.0¢ | 54.0¢ | 53.5¢ | 33058 | ||
| Last updated 12.53pm 24/05/2024 ? | |||||
| SVM (ASX) Chart |