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
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $46.42M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.8¢ | $14.65K | 96.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 56333 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 44838 | 1 |
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| Last trade - 15.32pm 28/06/2024 (20 minute delay) ? |
| RDM (ASX) Chart |