It’s not passing the “sniff test” because this CR is bulls*** for current VRC holders. The SP was 2.9c before the CR (which was done at 2.3c) - that’s ~24% discount.
Here’s a 3-month chart just in case you have any doubts that the CR price is a shafting for shareholders:
Maybe instead of hammering @Peliatan, perhaps shareholders should be drilling management.
Ann: Placement raises A$2 million, page-29
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $20.79M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $3.464K | 742.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 27766160 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3327474 | 9 |
View Market Depth
| Last trade - 13.03pm 29/07/2024 (20 minute delay) ? |
| VRC (ASX) Chart |