Social and paid media’s vice-like grip over certain small-cap valuations means Kuniko and Vulcan Resources are not the only businesses generating huge paper profits for promoters and insiders....On the local sharemarket, S3 Consortium-backed Vulcan Energy has attracted a $1.5 billion valuation despite having zero revenue and spending only $1 million on exploration over the 12 months to June 30...”
Tom Richardson at it again this time on Vulcan. Looks like he is gonna make me take a hit there as well. Again same MO here with an article with little factual analysis. It would be interesting to see when the shorts are put in place on Vul. My guess is its just before the article gets published
AXE Price at posting:
$1.72 Sentiment: Buy Disclosure: Held
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