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Ann: Fundraising Update - Renounceable Rights Issue, page-2

  1. Wise_One
    19,183 Posts.
    lightbulb Created with Sketch. 1435
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    02/04/25
    09:28
    Post #: 78510286
    WOW!! This is brilliant

    We ALL get to participate at 1.2c with a 1 for 1 oppie at 2.2c if we are on the register by 8th April.

    At 1.2c, this is only a 1m EV. WA Gold play already with exceptional hits

    https://hotcopper.com.au/data/attachments/6914/6914165-a9b4e51b7967708f3983dcc742c6113b.jpg

    Reading between the lines also - given they cancelled the T2 of the placement & replaced it with this Rights Issue, you'd think a LOT of existing shareholders wanted to participate. So, given that, they'll likely be buying more to get more at 1m EV with an option also!

    This could start a frenzy!!!

    @tin_shed_trader - what a setup!

    VRL Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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