Rueters - yesterday RIO CEO stated they are looking at smaller buyouts/purchases to "smooth their port folio". SVM were one of two mentioned in the article along with possible copper and lithium - no companies mentioned but a hot market environment stated.
It is obvious for all observers in that this is how Middelmas prefers and operates very successfully - resource discovery - sell it onwards. This is a very superior asset to many others - really tip of iceburg to what is on combined tenements.
Whilst it would be preferred for shareholder to proceed to development and reap huge cashflows - SP growth as other rutile miners enjoy and graphite miners soon to enjoy it is looking highly likely RIO will take the lot - at what premium price time will tell and when? I would anticipate sooner than later for RIO to buy in at lower premium before the SP rolls - of course share holder approvals needed.
Quite disappointing this RIO stake has gone largely un noticed by markets - anticipate SP climbing in lead up to PFS timeline in 6-8 weeks and there after. GLTAH - certainly in a prime position now.
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Last
69.5¢ |
Change
0.040(6.11%) |
Mkt cap ! $427.2M |
Open | High | Low | Value | Volume |
66.0¢ | 72.0¢ | 66.0¢ | $321.8K | 467.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6905 | 69.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
71.0¢ | 17319 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7155 | 0.695 |
3 | 17700 | 0.690 |
2 | 4230 | 0.685 |
6 | 32025 | 0.680 |
4 | 23142 | 0.675 |
Price($) | Vol. | No. |
---|---|---|
0.710 | 17319 | 5 |
0.715 | 24833 | 4 |
0.720 | 75690 | 6 |
0.725 | 3329 | 1 |
0.735 | 13340 | 2 |
Last trade - 14.03pm 29/07/2024 (20 minute delay) ? |
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SVM (ASX) Chart |