Any thoughts on the downside risk of RDM selling down their 50% in 5 months time when their shares come out of escrow? I would imagine if they have projects they see with more potential than Maronan itself they may choose to liquidate some MMA shares rather than rattle the tin in the current climate, say $1m a quarter to cover costs. Are there any catalysts or milestones lined up to generate interest around this April timing?
In this same line of thinking, average daily volume on MMA is $14k so RDM could only realistically liquidate $1m a quarter without causing too much selling pressure..
Ann: Noosa Mining Investor Conference 2023 Presentation, page-7
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $49.30M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.5¢ | 23.0¢ | $565 | 2.357K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 145954 | 2 |
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| Last trade - 11.03am 03/07/2024 (20 minute delay) ? |
| MMA (ASX) Chart |