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
63.0¢ |
Change
-0.005(0.79%) |
Mkt cap ! $1.341B |
Open | High | Low | Value | Volume |
63.5¢ | 64.5¢ | 62.0¢ | $4.144M | 6.559M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 306022 | 62.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
63.0¢ | 35330 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 306022 | 0.620 |
5 | 88990 | 0.615 |
3 | 51860 | 0.610 |
4 | 41715 | 0.605 |
5 | 271563 | 0.600 |
Price($) | Vol. | No. |
---|---|---|
0.630 | 35330 | 2 |
0.635 | 51037 | 2 |
0.640 | 354096 | 5 |
0.645 | 260867 | 6 |
0.650 | 401352 | 8 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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