If the vanadium resource is not reflected in the share price and if we assume the new company is worth 30 million (Peter is looking for $30-50 million (4:30)). then:
with 75% interest, it means theoretically the value of AEE should increase by $22.5 million. So, theoretically, the share price should be 4.2 cents after the spin off. This excludes any share price increases in relation to the uranium bull market.
Is the new company potentially worth $30 million? AVL and KRC are worth around $70 million each (taking into account the recent pull backs). So, I think $30 million is achievable.
I don't know if this is called an arbitrage opportunity but it definitely is an opportunity!
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Last
13.5¢ |
Change
-0.015(10.0%) |
Mkt cap ! $98.93M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.5¢ | $192.0K | 1.363M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 639776 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 8856 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 639776 | 0.135 |
22 | 580485 | 0.130 |
11 | 614960 | 0.125 |
8 | 706591 | 0.120 |
3 | 464500 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 8856 | 2 |
0.145 | 161379 | 6 |
0.150 | 434882 | 4 |
0.155 | 160000 | 2 |
0.160 | 395299 | 8 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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