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
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $38.95M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 12.5¢ | $28.21K | 223.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 55938 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 39000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 938 | 0.125 |
5 | 185186 | 0.120 |
3 | 152000 | 0.115 |
2 | 70000 | 0.110 |
1 | 9300 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 39000 | 1 |
0.135 | 182007 | 4 |
0.140 | 142642 | 2 |
0.145 | 98333 | 2 |
0.150 | 111068 | 3 |
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