To me this is a positive and relief, excluding my previously stated anticipated SP reaction no matter what the Ann to be. This is a highly positive Ann. It likely scares off short term buyers/holders specifically as it refers to ‘the next decade’, ie when we’ll reasonably have a working mine. Mines really do take 10+ years to prepare these days, it isn’t simply finding 1000 child slaves to dig stuff out of the ground like in the DRC.
I put my money where my mouth is, this is what I anticipate: CR at a discount, I won’t participate, but I’ll wait for the market open and buy at a further discount. It is the only way these days. The second possibility is there won’t be a SPP/CR (I hope VRC is reading this) and we can skip the BS and CAN (not should) buy at a discount to whatever heavy dilution is taken. I am not a supporter of heavy dilution but it’s the devil we know. I doubt we’ll get a deal like LLL with upfront money or no dilution in exchange for joint ownership of operations, but given the short payback time perhaps VRC is already investigating this option. I speculate VRC must have already been in talks with potential financiers before releasing this Ann because this short timeline to getting a suitor seems optimistic for any company. But we’ll see - everyone on HTC has wasted many an hour speculating to end up with egg on their face. You are no exception.
- Forums
- ASX - By Stock
- VRC
- Ann: Feasibility Study Update for Bunyu Graphite Project Stage 1
Ann: Feasibility Study Update for Bunyu Graphite Project Stage 1, page-36
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRC (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.79M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $10.34K | 2.069M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
46 | 26697847 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3129237 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
46 | 26697847 | 0.004 |
16 | 14242049 | 0.003 |
9 | 12291525 | 0.002 |
7 | 21867000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2739237 | 3 |
0.006 | 17199135 | 24 |
0.007 | 6089192 | 8 |
0.008 | 4295149 | 10 |
0.009 | 7771260 | 9 |
Last trade - 15.51pm 22/05/2024 (20 minute delay) ? |
|
|||||
Last
0.5¢ |
  |
Change
0.000 ( 11.1 %) |
|||
Open | High | Low | Volume | ||
0.5¢ | 0.5¢ | 0.5¢ | 580866 | ||
Last updated 10.26am 22/05/2024 ? |
Featured News
VRC (ASX) Chart |
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online