A good performance by VRC . The market is beginning to believe that perhaps VRC is not going into administration after all. The news today has been well received by the market. Sentiment can change very quickly as we all know.
Everyone here knows who the down rampers were . Those that were trying to rattle the nerves of shareholders.
Unfortunately they would have succeeded in some instances . Some shareholders would now be wishing they had not paid any attention to those certain individuals.
Where have they all gone ???
We don't see them any more. Funny about that !!
It's like they have all disappeared in the cosmos..
What we want to see now is a slow rise over the next few weeks which will lessen the dilutionary effect of the impending capital raising..
I believe the share price is still cheap at these current levels, so there is no reason why we should not see a sustained rise over the next month or so before the closing date of the SPP. More news would obviously assist during this time . Given the closing date is still 4 weeks away I am optimistic more good news is very possible. I point you to the last sentence of todays announcement.
""" The Company looks forward to providing further updates on both corporate and operational progress in the near term ""
For these reasons I have no doubt that the incoming money for the exercising of options WILL happen in December 2017. That will in effect generate an additional 4.5 million plus dollars.
The company will then be very well placed with this injection of new monies.
Cheers.
VRC Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
