Marketinfo,
Variscan who reduced their holdings in SCI are down to less than $500,000 cash 31st March and it is more than likely that by May raising cash was key. Cashing out 1/2 of their shareholding at an elevated price than the 12 month average would have been a good decision I would think. Like SCI they are protecting a relatively small book of shares so not to dilute shareholders. Long term minded. They are 300 million plus, SCI only 100 million plus.
SCI will build from here I think. Still adding to holding and waiting for moves higher in ZINC, SILVER and checking out their findings from Lithium work this month… Plenty of upwards drivers here. They have a very fortuitous mix of materials I would suggest for the times we are living in right now.
Never underestimate the role LUCK plays in investment and business outcomes.
JFI
Ann: Change in substantial holding from VAR,VAR-SCI.AX, page-3
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.752M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 25445000 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 1121264 | 3 |
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| Last trade - 09.59am 30/07/2025 (20 minute delay) ? |
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