VMY 0.00% 19.0¢ vimy resources limited

Ann: Trading Halt, page-21

  1. 5 Posts.
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    It'll likely fall significantly because the rest of the sector is down 15%, so unless everything else recovers by Monday it'll definitely open down. It'll also fall because the raise is being done at a discount.

    The bigger risk here is that they need to lower the raise price lower than 19c, or terminate the raise completely. Insto's will see that the U market is down heavily today and potentially risk off on uranium, so the 22.5c halt price becomes irrelevant. I wouldn't be surprised if they have to lower the raise price to 18 or 17c to actually get it away based on sentiment right now. Not Vimy's fault, but poor timing to try and raise as it turns out.
 
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