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.
- Forums
- ASX - By Stock
- RDM
- Red Metal Banter
Red Metal Banter, page-414
- There are more pages in this discussion • 113 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RDM (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.93M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $45.79K | 316.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29999 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 197500 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29999 | 0.140 |
3 | 43203 | 0.135 |
6 | 185369 | 0.130 |
2 | 8007 | 0.125 |
1 | 15000 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 197500 | 3 |
0.165 | 35577 | 2 |
0.170 | 32258 | 1 |
0.175 | 100000 | 1 |
0.180 | 36755 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
14.5¢ |
  |
Change
0.000 ( 3.57 %) |
|||
Open | High | Low | Volume | ||
14.5¢ | 15.0¢ | 14.5¢ | 74088 | ||
Last updated 15.41pm 14/06/2024 ? |
Featured News
RDM (ASX) Chart |