They were willing to underwrite as 7c before bring gifted the golden goose clause.
If it's not a long term investor they will dump the 32 million shares between 5.5 and 7. Easiest ~20% they could make assuming they can drum up interest from the Cannacord portfolio.
Where to from here is my question, apparently these funds were to advance VDT trials at Muchea.
I think we have finally hit rock bottom. It's do or die by the EPA.
Is this being managed to death on purpose to flip it private?
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3.7¢ |
Change
-0.003(7.50%) |
Mkt cap ! $23.24M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 4.0¢ | 3.6¢ | $26.73K | 706.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110000 | 3.7¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 115443 | 3 |
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| Last trade - 14.17pm 25/06/2024 (20 minute delay) ? |
| VRX (ASX) Chart |