Ann: VRX Reprices Fully Underwritten Entitlement Offer, page-29

The SP goes straight down to 55c in the first half hour. Playing out exactly the same way as did the CR at 70c. So now there's no incentive at all to anyone to take up the CR. And look at what they want to spend the money on. More drilling at Muchea and testwork, more VDT trials, and a chunk
to expenses for this CR (for which the company gets nothing). Nah Bruce, no thanks, I'll pass. This probably puts the company on a path to oblivion, unless drastic action is taken immediately to slash spending and preserve remaining cash. Shareholders should be asking for an extraordinary meeting to be held asap.

All IMHO, DYOR