A lot of disappointment investors commenting on this announcement, with imo very little thought process! At what price would a $2M sell down result in the MMA share price? At 20c, that is 10M shares and an 11% lowering in the MMA investment and only 5 or so months prior to the release of the MMA scoping study!
If you believe that RDM could offload 10M shares in MMA for 20c, then you obviously believe in the tooth fairy! I suspect the actual sale would drive the MMA share price to new all-time lows, right before the October 19th 30c option expiry date. Now that would definitely reek of market manipulation!
I commented only days ago that a capex was coming, and I doubted that Rob would sell the MMA shares. I am surprised at the speed of the capex, but I knew it was coming in the next quarter.
Rob knows the value of those MMA shares and anything south of 40c is definitely out of the question. Silver is so close to breaking out to new highs and RDM selling sub 20c would have had shareholders forming lynch parties possibly only weeks into the future because of a potential 50% loss of potential profit for those shares sold.
I own 135K of those MMA 30c options but believe that for share price future outperformance and dilutionary factors that it would be in MMAs best interest that they expire worthless, and MMA raise capital at a higher price in 2025. I still expect Crescat to exercise their options as they have no other way of increasing their holdings.
Rob has gifted shareholders with the chance to collect more shares at 10c. We have two potential tier 1 drilling exploration holes occurring over the next 8 weeks. What would a Century or Ernst Henry type discovery do to the RDM share price? Then we have Sybella and MMA as a fallback if drilling is unsuccessful.
I firmly believe that MMA will be trading north of 40c sometime in 2024. Rob may choose to offload some shares into a rising market, which is selling into a position of strength and not selling into a position of weakness, which is the current status.
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $44.95M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 12.0¢ | $35.80K | 288.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 101824 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 366062 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 101824 | 0.125 |
6 | 122637 | 0.120 |
9 | 444352 | 0.115 |
12 | 780039 | 0.110 |
4 | 224498 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 366062 | 5 |
0.135 | 310126 | 10 |
0.140 | 223872 | 3 |
0.145 | 307931 | 3 |
0.150 | 21951 | 3 |
Last trade - 10.14am 22/07/2025 (20 minute delay) ? |
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RDM (ASX) Chart |