Well, what a difference a few days make. The graph on the right says it all. Trading at 2.7c on the 21/1/19 and now down to 1.8c today! Those who sold at around 2.7c will be laughing, but those who bought around that mark will be cursing a 33% drop in the price!
And as it stands now, there is nothing holding the sp up, only "hope"! VRC could be back to square 1 trying to raise that $40m!
And if no funding is found soon, another capital raise will be on the cards, as those highly paid directors need their payments!
There is some support at 1.7c and again at 1.4c. It is a question of what the market now thinks of VRC, and if the nervous nellies can hold out???
Sure, 8.6m shares have traded hands today, so some buyers are willing to take a risk. My opinion is a "hold" on buying VRC shares, until if and when some positive news is announced! VRC has become a much riskier, spec stock today!
VRC Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
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