Ouch! That announcement hurts! This will test the faith of the VRC holders! The nervous are getting out. There are 1.3m buyers at 1.7c.
But where does this leave the company? "..... but not limited to a Note Issue and Listing on**promotion blocked** of Mauritius (“SEM”) using principally the same Tanzanian Note Prospectus, and USbased institutional funds participation in the Stage 1 development funding."
Does this setback mean another long process to try and gain funding on the Mauritius stock exchange? How long will Mr Kabunga's loan last now? There are plenty of questions to be answered and obviously the market is not impressed!
Will the sp fall lower still?
Not the announcement that we were hoping for! Trevor's phone will be ringing all day long!
VRC Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)