VRX 0.00% 3.8¢ vrx silica limited

Daily price prediction thread, page-2948

  1. 7,303 Posts.
    lightbulb Created with Sketch. 1087
    What off-screen accumulation? Did anyone get a screen shot as I wasn't closely watching trades yesterday.The previous off-market Delphi parcels went through on the lower profile Chi-x market.I think we are witnessing two things, June tax loss adjustments, and some cash-adjusting their holding to exercise their options. Not everyone has spare cash to fully or even partly fund their options entitlement.It is short term pain. It shows confidence otherwise options would just lapse and expire.Also VRX will benefit from a greatly boosted cash position, there is about 43 million options to mature, generating around $5.7 million cash (10c plus 18c options).This is why management did the off-market share deal with Delphi instead of issuing more shares.It keeps dilution to minimum and VRX are getting the cash from options anyway.This aggressive accumulation stance by Delphi shows commitment and extreme confidence in the long term outcome for VRX. Delphi know whats in store here..
 
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(20min delay)
Last
3.8¢
Change
0.000(0.00%)
Mkt cap ! $23.87M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 188590 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 12377 1
View Market Depth
Last trade - 16.12pm 16/07/2024 (20 minute delay) ?
VRX (ASX) Chart
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