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
Add VUL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.76 |
Change
-0.100(2.59%) |
Mkt cap ! $707.5M | |||
| Open | High | Low | Value | Volume |
| $3.80 | $3.83 | $3.72 | $1.329M | 354.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 428 | $3.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.80 | 5885 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| VUL (ASX) Chart |