SVM sovereign metals limited

4.00%

72.0¢

RIO TINTO BUY OUT, page-8

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sdewal

196 Posts.

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08/08/23

22:32

Post #: 69233600
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Originally posted by chokdee: ↑

Yes Garant I have stated twice requirement of shareholder's approval - however one must be wary of on market accumulation via disguise of a number of funds. RIO go to max 19.9% - Sprott at 10.19% and board memeber totals = 7.5% - total around 32.7%.
Another 17.5% needed to pass any potential takeover which currently is in retail share holders so all bodes well for now.

Putting a number on potential SVM takeover is not appropriate at this stage. @ a buck sixty you're talking over 800 million aud market cap - RIO on top of next 4.99% top up would be needing another 672 million aud to take the remaining 80.1% - sounds a bit rich at this stage - best wait for PFS and other progress - graphite qualification - permitting - etc and expect the SP to move higher on those key milestones - then assess any potential RIO takeover price as I anticipate management will see it. I believe RIO would have done due diligence and wanted the lot but management held them off - knowing the likes of RIO engage with minnows for sole purpose of takeover of quality asset. Well played by management whom will now use the large cash to deliver a great outcome. Beware the penny traders in the coming months that will stymie SP growth as they come and go - as already seen since RIO ann.

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So what's the message? Are we (holders) doomed, or is there a light?

Last edited by sdewal: 08/08/23

SVM Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 72.0¢		Change -0.030(4.00%)		Mkt cap ! $465.7M

Open	High	Low	Value	Volume
75.0¢	75.0¢	71.5¢	$486.8K	665.3K

Buyers (Bids)

No.	Vol.	Price($)
1	693	72.0¢

Sellers (Offers)

Price($)	Vol.	No.
72.5¢	33105	2

View Market Depth

No.	Vol.	Price($)
1	20000	0.715
4	48379	0.710
4	10300	0.700
3	33000	0.695
3	21338	0.690

Price($)	Vol.	No.
0.725	32116	1
0.735	13698	1
0.740	50000	1
0.745	268	1
0.750	38628	3

Last trade - 16.10pm 25/07/2025 (20 minute delay)

SVM (ASX) Chart

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