RDM 4.76% 10.0¢ red metal limited

RDM has $1.9M cash. MMA controls the balance. RDM still...

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    RDM has $1.9M cash. MMA controls the balance. RDM still significantly under priced having MMA shares and cash valued at $25M and current market cap of $18.7M at today's closing price of 8c.

    From the latest cashflow report.

    The total Red Metal Group cash and cash equivalents at 30 June 2022 of $14.9 million comprises cash
    and cash equivalents of (i) Red Metal Limited (parent) of $1.9 million; and (ii) Maronan Metals Limited
    (50% owned subsidiary) of $13.0 million
 
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