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2.86%

17.0¢ red metal limited

The fact the MMA shares are escrowed for 2 years is also a...

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Maschino

1,361 Posts.

38

11/08/22

09:37

Post #: 63048024
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Originally posted by PhillW: ↑

RDM trading at a 30% discount to cash and shares held in MMA. Just for the market to assign fair value for cash and shares places RDM at 12c valuation. Current market cap is equivalent to MMA trading at 23c and that assigns no value to any of the RDM prospects.

Interesting to note that if MMA was to rise to 50c then MMA on just cash backing and MMA shares should be valued at 17c.

RDM is a sleeper on good drill results at Maronan and Winu.

I suppose what we do not want to see is a successful takeover of OZL by BHP because it may put at risk the OZL\RDM Alliance.

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The fact the MMA shares are escrowed for 2 years is also a factor, but safe to say retail mugs have no idea about that nor what it means.

RDM Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 17.0¢		Change -0.005(2.86%)		Mkt cap ! $50.89M

Open	High	Low	Value	Volume
17.5¢	17.5¢	17.0¢	$15.32K	89.61K

Buyers (Bids)

No.	Vol.	Price($)
2	12464	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	107533	5

View Market Depth

No.	Vol.	Price($)
2	12464	0.170
3	128533	0.165
1	184500	0.160
6	159655	0.155
8	100326	0.150

Price($)	Vol.	No.
0.175	107533	5
0.180	65355	1
0.185	141165	4
0.190	92473	3
0.195	80641	3

Last trade - 10.41am 22/05/2024 (20 minute delay)


Last 17.0¢			Change -0.005 ( 0.00 %)
Open	High		Low	Volume
17.0¢	17.0¢		17.0¢	45585
Last updated 11.47am 22/05/2024 ?

RDM (ASX) Chart

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