VAR 0.00% 0.7¢ variscan mines limited

well in spite of my annoyance at the way the MD went about this...

  1. 1,580 Posts.
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    well in spite of my annoyance at the way the MD went about this recent raise I've taken the opportunity to double my holding yesterday buying at 8.6 and 8.5.

    If it was oversubscribed at 8c then that's close enough for me to take up more stock.
    No buyers there at present and not a lot of selling either.

    Hopefully the placement holders aren't chasing a cent or two not when you look at low mc, cash in the tin and the quality of the project, infrastructure in place with a favourable local govt in support.

    An announcement of drilling recommencing or assays from 3rd round of drilling can't be too far off and should realistically bring back the buyers with it.

    Won't take much to get it back over 10c.
 
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