Just noticed on NEXTsml cap :
“Momentum Building in VUL - Our Top Pick of 2020”
………. UPDATE, 13 JUNE 2020: German research house Alster Research has released an update to their previous coverage on Vulcan Energy Resources Ltd.
“When the Pre-Feasibility Study is presented (scheduled for the end of 2020), we can likely assume an equity valuation of at least US$125 million (A$192M / €110.6M) on the capital markets.”
Alster maintain a BUY recommendation and a A$2.45, or €1.45, per share price target on Vulcan Energy Resources Ltd.
This is a significant (+450%) premium to Friday’s share price close of A$0.445 / €0.26. ……………
From the article you can link to the updated research where pg. 12 shows a dilution path for those trying to factor in future CR (below).
Ann: $4.8m Institutional and ESG Investor Equity Placement, page-9
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Last
$4.90 |
Change
-0.110(2.20%) |
Mkt cap ! $939.0M | |||
| Open | High | Low | Value | Volume |
| $5.04 | $5.10 | $4.90 | $934.0K | 187.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 223 | $4.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.91 | 4474 | 11 |
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| Last trade - 11.35am 04/11/2024 (20 minute delay) ? |
| VUL (ASX) Chart |