Artemis Resources Takeover Rumours (ARV)

$3B is the 100% of the takeover by Gina & SQM [AZS owns only 60%]. $3B is the cals to see how WH Ireland in their latest broker target price of 11.2p dated 29.1.24 was derived from [specifically said the basis is due to the same geology etc]. So, 11.2p was re-calculated to an implied mkt cap. Then, the market cap was taken as a % of the $3bn to see what % WH Ireland attributed it to. It is just benchmarking as norm used by all analysts. Conclusion: WH Ireland's 11.2p target price based on same geology suggests only 10% of the $3bn takeout price. However, ARV currently trading at 1% @£32m mkt cap at 1.5p. ==IN SHORT, IT IS EASIER TO SEE WHAT IS FAIR VALUE AT THIS STAGE.===

WH Ireland have put out an investment note saying that based on the valuation of Azure who are subject to a possible takeover at $1.8B , ARV valuation if using the same numbers are worth 11.2p per share presently , strong buy indeed.

Raiden next to Azure still early stages RDN market cap is now nearing $200m vs ARV $60mNearby Azure now valued over $3b takeover not yet clear who will get control

https://www.mining.com/web/azure-minerals-agrees-to-1bn-takeover-bid-from-sqm/