SRL 6.02% 39.0¢ sunrise energy metals limited

Who is happy with management, page-23

  1. 401 Posts.
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    I think you said in the event of a takeover, likely no real premium coz SRL in too weak a bargaining position. My view is that a host of large players would pay twice, even three times the current market cap in a heartbeat (EV of $155m at 3x). Over $200m invested to get to this stage. This is precisely the sort of tier 1 asset large players interested in, given op cost profile, long life asset, low political risk. Whatever the noise, the sentiment, and the manipulation, value comes out eventually. In my view the lower the mkt cap gets the more likely that will precipitate corporate activity. Large management ownership.They won’t let this get diluted by a forced cap raise at v low levels like this. They’ll get an equity deal done at a much higher valuation. If you dont believe in the value, sell. If like me you can see this quite easily and quickly at 3x the current SP, then stop looking a daily prices and wait.
 
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Last
39.0¢
Change
-0.025(6.02%)
Mkt cap ! $35.18M
Open High Low Value Volume
40.5¢ 41.0¢ 38.0¢ $25.69K 66.13K

Buyers (Bids)

No. Vol. Price($)
2 47454 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
41.0¢ 300 1
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Last trade - 16.10pm 18/06/2024 (20 minute delay) ?
SRL (ASX) Chart
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