The most obvious way to get past the escrow issue is if someone was to make a successful takeover offer for VUL.
The most obvious acquiror would be SMM so as to get a clean 100% interest in Valhalla and Skal deposits. However, I would imagine that RSG would want cash and not SMM scrip, although they may take SMM scrip or a combination of cash and SMM scrip if the scrip is not held in escrow.
EME may want a clean 100% interest in Bigyrli as well, and the Ngalia basin tenements that VUL hold 100% interest in, but given their very modest market cap, EME is an unlikely acquiror unless they cut a deal with SMM.
Given the financial situation of both EME and SMM a takeover would most likely be 100% scrip if it was to eventuate.
If I was a betting man, I would guess that one day (although it may still be some time away or may never happen) that SMM would want a 100% interest in Valhalla and Skal, given their size and scope for further increase in resources. Or, alternatively, someone (possibly a Canadian) may take out both SMM and VUL.
These are just possibile scenarios.
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Last
75.5¢ |
Change
-0.005(0.66%) |
Mkt cap ! $1.634B |
Open | High | Low | Value | Volume |
77.0¢ | 77.0¢ | 74.3¢ | $6.727M | 8.867M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
35 | 459001 | 75.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
76.0¢ | 469119 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 409763 | 0.755 |
30 | 675375 | 0.750 |
20 | 516204 | 0.745 |
12 | 918670 | 0.740 |
5 | 237166 | 0.735 |
Price($) | Vol. | No. |
---|---|---|
0.760 | 579639 | 45 |
0.765 | 1089349 | 25 |
0.770 | 1028996 | 31 |
0.775 | 974601 | 17 |
0.780 | 706715 | 22 |
Last trade - 15.20pm 27/09/2024 (20 minute delay) ? |
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