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
70.0¢ |
Change
0.020(2.94%) |
Mkt cap ! $419.9M |
Open | High | Low | Value | Volume |
68.0¢ | 70.0¢ | 67.0¢ | $246.9K | 360.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 69.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.0¢ | 5694 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16625 | 0.735 |
1 | 41000 | 0.720 |
1 | 2850 | 0.700 |
1 | 1400 | 0.690 |
1 | 4757 | 0.680 |
Price($) | Vol. | No. |
---|---|---|
0.690 | 57715 | 2 |
0.700 | 33217 | 2 |
0.710 | 24635 | 1 |
0.715 | 1000 | 1 |
0.720 | 154541 | 2 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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