Not sure why RDM sp continues to fall. Today's announcement values RDM shareholding in MMA at $15M @ 20c per MMA share. For each 1c rise in the MMA sp RDM's MMA share valuation rises by $750K,
RDM get $500K from MMA for costs incurred and noting that their quarterly expenditure is sub $400K then RDM should still have $2M cash once the $500K MMA payment hits the books. So RDM's EV at today's closing price is $22.6M minus $15M MMA shares minus $2M cash = EV $5.6M
RDM is extremely cheap.
Ann: Maronan Metals $15m IPO Update, page-2
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $52.38M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 17.0¢ | $71.51K | 404.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 181267 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 72497 | 2 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
17.0¢ |
Change
-0.005 ( 8.11 %) |
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| Open | High | Low | Volume | ||
| 18.0¢ | 18.0¢ | 17.0¢ | 209248 | ||
| Last updated 15.54pm 21/05/2024 ? | |||||
| RDM (ASX) Chart |