VIL
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0.00% 1.6¢ verus investments limited

Ann: Verus secures AUD$10 million equity drawdown, page-62

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  1. The Alchemist
    1,788 Posts.
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    13/04/10
    07:36
    Post #: 6563955
    re: Ann: Verus secures AUD$10 million equity ... This is great news and may be better then having the options expire in the money. It provides suitable cash as required to drill 3 or 4 wells after which time the sales revenue will pay for field development. A win-win for the shareholders.

    Beware of short time options out of the money - you usually get burnt.
    VIL Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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