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

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sdewal

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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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Last 68.0¢		Change 0.005(0.74%)		Mkt cap ! $406.3M

Open	High	Low	Value	Volume
70.5¢	70.5¢	67.0¢	$139.1K	204.6K

Buyers (Bids)

No.	Vol.	Price($)
1	20000	67.5¢

Sellers (Offers)

Price($)	Vol.	No.
68.0¢	14999	1

View Market Depth

No.	Vol.	Price($)
3	23460	0.680
1	20000	0.675
3	97903	0.670
4	27672	0.665
4	243988	0.660

Price($)	Vol.	No.
0.680	16499	2
0.685	21249	1
0.690	20000	1
0.695	2400	1
0.705	13996	2

Last trade - 16.10pm 31/07/2024 (20 minute delay)

SVM (ASX) Chart

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

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

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New results confirm Buena Vista's iron grades potential

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

ASX Market Open: US Fed keep rates on hold but September cut more likely | August 1

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