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
8.1¢ |
Change
-0.005(5.81%) |
Mkt cap ! $15.36M |
Open | High | Low | Value | Volume |
8.1¢ | 8.1¢ | 8.1¢ | $140 | 1.728K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99999 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 8333 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99999 | 0.078 |
1 | 50000 | 0.077 |
2 | 184955 | 0.076 |
1 | 20000 | 0.075 |
1 | 200000 | 0.074 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 8333 | 1 |
0.090 | 126666 | 1 |
0.091 | 18581 | 1 |
0.093 | 19250 | 1 |
0.094 | 293 | 1 |
Last trade - 12.39pm 14/06/2024 (20 minute delay) ? |
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