With what's in the ground out there, it's an easy 10x. With the proviso that management focus on getting RPM to production ASAP.
If they blow out the time lines and shares on issue then it could still 10x market cap wise, whether or not shareholders see that return with a bloated SOI is another question, and one that needs to be considered carefully.
580M MCap / 240M SOI = $2.4 sp.
580M MCap / 400M SOI = $1.4 sp. Still a nice return from these levels (depending on personal buy prices etc.) however I'd expect shareholders to be thoroughly disappointed if we tick over the half a billion market cap in the $1 range.
With what's in the ground out there, it's an easy 10x. With the...
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Last
22.0¢ |
Change
0.020(10.0%) |
Mkt cap ! $47.31M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 22.0¢ | 20.0¢ | $10.96K | 54.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12000 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 3999 | 1 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| NVA (ASX) Chart |