G'day. You don't have to be Einstein to calculate that VMC is undervalued but by how much ?
I will have a crack:
Under the deal VMC receives 110m RXL shares which are currently trading @ 27c equals $29.7m of value. Add $5m cash equals $34.7m. Divided by 178,078,683 shares on issue gives a valuation of 19.5c a share. Add vanadium, REE, copper & zinc, lithium exploration acreage with positive surveys/sampling/nearology at a conservative value of 5c per share and I get a valuation of 24.5c per share. If RXL gets re-rated to 35c per share I get a valuation of 29.5c per share. Management options will dilute but not significantly.
So my back of the envelope calc is 24.5c to 29.5c.
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $20.59M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $1.491K | 14.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 454 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 5776 | 1 |
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| Last trade - 14.31pm 01/07/2025 (20 minute delay) ? |
| VMC (ASX) Chart |