A "double", as @PhillW nominates as a hypothetical temptation, would certainly attract some takers, but if a suitor waits for further met test results and favourable resource expansion drilling results, we'll be there (or should be there) in a flash anyway.
A buyer would have to offer much more for RDM than that! It's only about 35c/share and as you and others have stated here already, between RDM's own prospects, but in combination with its MMA ownership, 35c wouldn't come within cooee. 3 times that would still be a spectacularly good punt for a big mining house .... and that's without any further results.
... With good results from either or both camps ... and go 3 times at least, again!
I'm not sure of the mechanisms a company (can) employs to deflect unwanted takeovers, but I daresay the brains trust is onto it.
A "double", as @PhillW nominates as a hypothetical temptation,...
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $47.92M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 16.0¢ | $27.85K | 172.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7041 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 32355 | 1 |
View Market Depth
| Last trade - 15.41pm 19/07/2024 (20 minute delay) ? |
| RDM (ASX) Chart |