There is nothing new in the announcements. The ratifiying of the Rights Issue with these announcements if doe the benefit of the ASX.
Although I am a little disappiinted in the wording of the roadshow comments. The wording sounds like there is a still a lot of work to complete to get the roadshow going. When in reality all the time VRC have had to prepare, it should be a case of finalising dates, booking location and flights and getting all draft and prospectus off to the printers amongst a few other things. I certainly hope that is how they intended the announcement to be understood.
It was also easy to pick up that the roadshow dates are only being referred to in quarters. Possibly a wise move in case there is any setback to the timeline but that doesn't gel with earlier information I had received.
Anyway, I suspect it is just VRC covering it's behind and that is better than being full of bravado.
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- Ann: Rights Issue Funding Completed
Ann: Rights Issue Funding Completed, page-6
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