Yes, after posting that article I was starting to feel a bit apprehensive. RDM discovering rare earths and controlling 53% of Maronan is a recipe for disaster for shareholders of both companies.
A hostile takeover of RDM at say $100M tomorrow (double your money overnight) would be very attractive to a good percentage of shareholders, who would say thank you and move on to the next stock.
Maronan with silver at US$40 which has a better than 50% probability of occurring in 2024 would have to be valued at $3. The Maronan resource is 30% larger than SVL's resource when measured on inground value and SVL's market cap is $256M and MMA's $46M. With silver at US$40 I would expect SVL's market cap to possibly triple to $750M. Maronan at $3 would be valued at $480M (Disallowed). At $3 per MMA share, the value to RDM would be $1 in share price ($300M).
Then you have Sybella and god help us if some good news comes out of Yarrie. Potentially a dead company walking. Gone before realising any of the potential upside.
So as the coming drilling and lab work news starts to hit the market, the risk of a hostile takeover would have to be a concern for Rob. The Maronan potential upside is a major reason why I expect Rob not to go for fast bucks for Sybella by selling MMA shares. He knows the potential upside because he has owned the project for about 20yrs.
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Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $34.46M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 11.5¢ | $45.44K | 370.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 410749 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 313243 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 410749 | 0.115 |
13 | 898748 | 0.110 |
5 | 373523 | 0.105 |
15 | 1105259 | 0.100 |
1 | 200000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 313243 | 2 |
0.125 | 55384 | 2 |
0.130 | 10276 | 1 |
0.135 | 218148 | 3 |
0.140 | 181117 | 2 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
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