VMS 9.09% 2.4¢ venture minerals limited

Cheap re-entry? Mate, the stock has dropped 70% since the Riley...

  1. 33 Posts.
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    Cheap re-entry? Mate, the stock has dropped 70% since the Riley announcement in May. Investors have had a cheap entry on this big red dog for a couple of months now.

    Your value has been reduced and diluted by 12% with this latest raising with cash that will be used to drill holes and pay wages. Not begin construction on the extraction of tin, not on anything that provides value in the slightest. You are 15% worse off with no net tangible outcome. It's not like a REIT diluting shareholders to acquire new property or a tech business acquiring a competitor, this CR will be paying for the fat cats running the business.

    Imagine when they actually go to extract resource from the ground (will never happen, it's been over a decade now) they'll probably double the shares on issue making everyone's stake here close to worthless.

    Furthermore, Canacoord dumped their entire position of VMS earlier on in the year but now they're here for the long run or see value in the business? Yeah, nah. It's a big red dog. How has AR not been shipped yet is another question altogether, what a shambles.


 
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Last
2.4¢
Change
0.002(9.09%)
Mkt cap ! $54.4M
Open High Low Value Volume
2.3¢ 2.5¢ 2.3¢ $379.2K 15.96M

Buyers (Bids)

No. Vol. Price($)
8 1063516 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 528528 2
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Last trade - 16.10pm 23/05/2024 (20 minute delay) ?
Last
2.5¢
  Change
0.002 ( 11.4 %)
Open High Low Volume
2.3¢ 2.5¢ 2.3¢ 3653964
Last updated 15.48pm 23/05/2024 ?
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