Well MMA opens at 30c. RDM market cap at 10c is $24M.
MMA shares worth $22.5M
RDM cash $2M
RDM EV -$500K
At 10c you get all of RDM's prospects for nothing. It doesn't take a rocket scientist to come to the conclusion that RDM is an outright buy. Also need to add a takeover premium because any entity wanting MMA needs to take out RDM with its 50% holding in MMA.
Ann: Maronan Metals $15m IPO Update, page-24
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.46M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $62.36K | 610.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 400845 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 557162 | 7 |
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| Last trade - 15.37pm 17/10/2024 (20 minute delay) ? |
| RDM (ASX) Chart |