But I see it mostly positively, since SVM will now also have the necessary expertise (research & development), experts and resources in the team with RIO TINTO to be able to develop the products better/faster and then market them and will be fully financed for the next few years . The success of the project should therefore be almost certain.
However, I also feel that the options to purchase an additional 34.5 million shares at A$0.535 should have been priced much higher, perhaps in the A$0.80 range - I am rather very dissatisfied with that part of the agreement.
The PFS, which is likely to be published in September, will initially be able to provide shareholders with important information about the project value, among other things. On the basis of the numbers/totals contained therein, one could then venture a cautious outlook on a possible takeover price. Let's just wait and see for the next few weeks.
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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¢ | $241.6K | 464.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 78794 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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54.0¢ | 120000 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 78794 | 0.535 |
1 | 50000 | 0.530 |
1 | 1440 | 0.520 |
3 | 222853 | 0.515 |
8 | 141006 | 0.510 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 120000 | 2 |
0.545 | 21600 | 3 |
0.550 | 306200 | 6 |
0.560 | 8791 | 1 |
0.570 | 973 | 1 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
53.0¢ |
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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 ? |
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