SRL 1.69% 60.0¢ sunrise energy metals limited

I think you said in the event of a takeover, likely no real...

  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
60.0¢
Change
0.010(1.69%)
Mkt cap ! $54.13M
Open High Low Value Volume
58.5¢ 60.0¢ 58.5¢ $3.651K 6.196K

Buyers (Bids)

No. Vol. Price($)
1 4850 57.5¢
 

Sellers (Offers)

Price($) Vol. No.
60.0¢ 4473 2
View Market Depth
Last trade - 16.10pm 22/05/2024 (20 minute delay) ?
Last
60.0¢
  Change
0.010 ( 5.26 %)
Open High Low Volume
57.5¢ 60.0¢ 57.5¢ 2178
Last updated 14.49pm 22/05/2024 ?
SRL (ASX) Chart
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