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Ann: Change of Director's Interest Notice - A. Kabunga, page-50

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Peliatan

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09/12/19

12:08

Post #: 41867554
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Originally posted by possum2 ↑

bitluck,

""why is it nobody is willing to acquire a 20% stake in the company given the actual circumstances of a cap raise at 1c? ""

Have you heard the term - BUY WHEN NOBODY WANTS THEM AND SELL WHEN EVERYONE WANTS THEM.

Over the years I have witnessed many stocks get sold down to very low levels because of numerous reasons only to rebound to previous highs.
I remember SBM being a 5 dollar stock and years later trading as low as 10c. It dropped because the golds price dropped making their operation
non profitable. Instos and retail investors could not sell them quick enough . You could not given them away at 15c because everyone thought they would not be around in 6 months time.
To cut a long story short the gold price recovered and the share price went from 10c in Oct 2014 to almost 3 dollars less then 2 years later. It then climbed as high as 5 dollars at the start of this year. Not a bad percentage rise for those brave enough to swim against the stream.
This was the stock that nobody wanted . There were some who took the chance when SBM was at it's worst and most vulnerable. Needless to say they did very well if they would have sat with their investment.
In 1 to 2 years time we may all reflect what might have been with VRC. We might be thinking what a wonderful opportunity we had to take a chance and seize the opportunity to acquire stock as cheap as 1c. I use the word MIGHT because at the end of the day who really knows . Those investors who bought into SBM when NOBODY wanted them, certainly did not know with any certainty. If VRC was a certainty you wouldn't have the luxury of buying them now at 1c.

But here is what we do know. The Chairman of this company is prepared to commit an additional 700,000 dollars into this venture. What compels him to do that when NOBODY, as you have stated wants to buy them. Food for thought !!

I urge you now to have a look at a chart on how Telstra Corp. has performed since listing on the ASX. I was told at the time to BUY as many as I could get my hands on because it would eventually be a one hundred dollar stock. IT WAS A CERTAINTY.

You have a good weekend.

Cheers.

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"Over the years I have witnessed many stocks get sold down to very low levels because of numerous reasons only to rebound to previous highs"
....and for ever one that did rebound there are 100's that didnt....looks like this Co could be one of those atm....disgraceful sp performance atm....if there was any truth in Anns this would be going fwd imo

VRC Price at posting: 1.0¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.5¢		Change 0.001(25.0%)		Mkt cap ! $20.79M

Open	High	Low	Value	Volume
0.4¢	0.5¢	0.4¢	$5.49K	1.181M

Buyers (Bids)

No.	Vol.	Price($)
49	30298271	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	5169200	6

View Market Depth

No.	Vol.	Price($)
49	30298271	0.004
12	14621049	0.003
10	16041525	0.002
8	17167000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	5169200	6
0.006	22279805	32
0.007	7692551	8
0.008	5295275	10
0.009	5671149	8

Last trade - 15.13pm 28/06/2024 (20 minute delay)

VRC (ASX) Chart

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