December 2017 AZS had a 1 for 20 share consolidation hence the low number of shares on issue now, they had a little over 1.672 Billion heads and 272.5 million options and I think the heads were trading at about $0.012 when it was announced in October, the SP by December was $0.03 so post consolidation $0.60.
So in the next 6 years the shares on issue have blown out to 458,697,575 and 1,500,000 options convertible@ $0.65, so around the $1.7B MC for 60% of the project.
This is the tricky part is what is RDN'S Potential value if the Pegs are just a continuation of what has been drilled on AZS tenure?, could we say just X the current market cap by 17 so a $0.68 SP, but could it be more as we own 80% with the option set in stone to purchase the remaining 20 % and a lot of other interesting projects to boot!
The Lie Detector will no doubt tell us how the story pans out next year whether we could have that Mythical $1 party!
Good luck RDN Punters & A Happy New Year, I know I'm Excited!
Cheers BK14
December 2017 AZS had a 1 for 20 share consolidation hence the...
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $92.98M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.6¢ | 3.4¢ | $367.7K | 10.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 523948 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 1722947 | 11 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.6¢ |
Change
0.001 ( 6.51 %) |
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| Open | High | Low | Volume | ||
| 3.4¢ | 3.6¢ | 3.4¢ | 8815217 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| RDN (ASX) Chart |