It’s not passing the “sniff test” because this CR is bulls*** for current VRC holders. The SP was 2.9c before the CR (which was done at 2.3c) - that’s ~24% discount.
Here’s a 3-month chart just in case you have any doubts that the CR price is a shafting for shareholders:
Maybe instead of hammering @Peliatan, perhaps shareholders should be drilling management.
Ann: Placement raises A$2 million, page-29
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.79M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5000350 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 5555556 | 1 |
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| Last trade - 09.28am 30/07/2024 (20 minute delay) ? |
| VRC (ASX) Chart |
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