Fully agree with you Worzel1.
Undervaluation is solely due to the massive uncertainty hanging over the stock due to this opaque iron ore deal potentially devastating shareholder value in RND and transferring that wealth to a related party.
Could be some excellent profits for those willing to bet that this IO deal does not eventuate. Big risk though and if you're wrong there is simply no liquidity to exit a position (same for TBR as a lot of value will be lost there too as the valuation of their RND investment would reduce materially).
Despite these risks I hold both (and NST).
Cheers
John
Value to Market Cap, page-2
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Last
$2.15 |
Change
0.060(2.87%) |
Mkt cap ! $92.70M | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.18 | $2.07 | $153.1K | 71.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 82 | $2.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 21120 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RND (ASX) Chart |
