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7.41%

2.5¢ venture minerals limited

Ann: Half Yearly Report, page-29

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posiedon ark

2,787 Posts.

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26/04/24

19:13

Post #: 73530891
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Originally posted by posiedon ark: ↑

Lightbulbz:
You raised the Consolidation as a means of getting rid of small holders that is the BBF.
I'm saying forget Consolidation, this is counter productive and has always been. As for BBF they would continue to just buy (1) share and while ever we have “MA” and “JB” on our BOD they would continue to allow it.

As for getting rid of the BBF we need to also make a simple Constitutional change to prevent them from being shareholders, this advice I have gotten from “ASIC”.

Mr Q:
It’s better to buy back at a cheap SP, then wait until our SP is dearer. As this would cost the company more. As it stands now we could buy out 2,249 share holders for a pissy $265,000.

These shares can be on sold to shareholders or on the market when the company needs to raise money at a higher SP.
For e.g. if you know your sitting on a resource worth $1 a share, then why would not do a buy back for 0.02 , only a Moron would not do this.

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And there is a huge difference between “Consolidation” and “A Share Buy Back”. And I’ve been talking the latter, that has more “Pros” than “Cons”. And we need to go with “A Share Buy Back” soon rather than later.

VMS Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.5¢		Change -0.002(7.41%)		Mkt cap ! $56.66M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.5¢	$89.93K	3.488M

Buyers (Bids)

No.	Vol.	Price($)
15	1877235	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	50000	1

View Market Depth

No.	Vol.	Price($)
15	1877235	0.025
6	1049541	0.024
10	4272921	0.023
10	2690947	0.022
7	2998008	0.021

Price($)	Vol.	No.
0.026	50000	1
0.027	2974454	13
0.028	1307000	10
0.029	592372	6
0.030	2427058	20

Last trade - 16.10pm 10/06/2024 (20 minute delay)


Last 2.6¢			Change -0.002 ( 1.92 %)
Open	High		Low	Volume
2.6¢	2.7¢		2.5¢	2845329
Last updated 15.59pm 10/06/2024 ?

VMS (ASX) Chart