This is likely the prelude to a capital raising.
Another company called Potash West (now Parkway Minerals), PWN, back in June/July 2016 came out with a State One broker coverage with a price target of 22cents when the share price was 3cents. Within a couple weeks a capital raising.
Whether VRC raises capital with institutional clients, sophisticated clients, rights issue etc. remains to be seen. Best outcome would be with someone that can help the company make the next step ie. project finance.
I can understand why existing holders would love the new Edison report talking of 27c price target as the majority of them are losing money or has seen their profit erode over the past 9-12 months.
Following a capital raising would likely be 1-2 good announcements to follow that could create some excitement.
Volt could be good for a trade soon.
- Forums
- ASX - By Stock
- VRC
- Ann: New Research Report Released
Ann: New Research Report Released, page-41
-
-
- There are more pages in this discussion • 107 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRC (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.63M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1775827 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 23613946 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1775827 | 0.004 |
35 | 62507941 | 0.003 |
15 | 20666714 | 0.002 |
8 | 18150001 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 18524446 | 24 |
0.006 | 8214897 | 15 |
0.007 | 10780001 | 5 |
0.008 | 4764155 | 5 |
0.009 | 1744144 | 5 |
Last trade - 16.12pm 18/10/2024 (20 minute delay) ? |
Featured News
VRC (ASX) Chart |
Day chart unavailable