Broadly agree with what others have said. SVM are too small to run / finance this type of project. So the deal with RIO means there's only Plan A - that RIO at some point take ownership, and it snuffs out any competition there might have been for control of the resource. Problem for us was that RIO were able to get in cheap and without paying a premium for the quality of the resource. Hard to see what news would move the SP for the next couple of years (don't see any reason that RIO would need to rush it now), so need to come in / hold with the patience for a long play.
Broadly agree with what others have said. SVM are too small to...
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Last
53.5¢ |
Change
0.025(4.90%) |
Mkt cap ! $301.2M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 53.5¢ | 51.5¢ | $241.6K | 464.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 78794 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 120000 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
53.0¢ |
Change
0.025 ( 2.91 %) |
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| Open | High | Low | Volume | ||
| 51.5¢ | 53.5¢ | 51.5¢ | 91431 | ||
| Last updated 15.54pm 10/05/2024 ? | |||||
| SVM (ASX) Chart |