VUL 2.37% $4.54 vulcan energy resources limited

Ann: Equity Raising Presentation, page-30

  1. 2,607 Posts.
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    I’ve only just had time to read the announcements in detail. There is a lot of capital being allocated to targeted acquisition and exploration. Excited to see that develop. It definitely looks like an expansion beyond 40kt.

    I like the gap between the $200M CR shares being allocated and the SPP closing date. These things often drop back to the raise price, but not always and VUL likes to be different. We’ll have a good idea how this is tracking before needing to commit to the SPP. If current SP held then that’s $5k profit assuming full allocation.
 
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