I have no connection with the mining industry, but it seems to me that if large company/corporation wanted to buy VR8 as a Vanadium mine, they would usually wait until all the preliminary work, permits, planning, processing plan, financing, etc is done and dusted, so it becomes a "sure" bet. Maybe even wait until VR8 got into production. By then, the market cap would usually rise to a significant fraction of the NPV. They pay the extra, because they get much reduced or effectively no risk, and a clear road of future earnings (>>25 years ?). So I don't think VR8 would be a takeover target anytime soon. Some shrewd soph mining investors might try to grab a significant share holding though (e.g. Delphi), perhaps 5-10% ?
All IMHO, DYOR
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I have no connection with the mining industry, but it seems to...
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Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $20.25M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.6¢ | $180 | 5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 339 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 115949 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 339 | 0.036 |
2 | 100000 | 0.035 |
1 | 50000 | 0.034 |
2 | 65152 | 0.033 |
2 | 90627 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 115949 | 2 |
0.039 | 155514 | 3 |
0.042 | 187867 | 1 |
0.050 | 100000 | 1 |
0.069 | 186104 | 2 |
Last trade - 11.53am 12/09/2024 (20 minute delay) ? |
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VR8 (ASX) Chart |