I’m not challenging the consequence of delays, even significant delays, being expected.
But I can’t subscribe to the notion that it is normal for the EPA to prolong its resolution as long as it has as is the case with VRX, if it’s anticipated that it will still be a positive outcome.
For that notion to be credible it implies the company would then knowingly have to sit on its hands essentially for years once it’s submitted its application.
And if the company’s impeded from being able to pretty much do anything else pending the EPA’s outcome, again as is the case here, it then beggars belief how a company would expect its share price to hold up during that duration.
So it’s for this reason I don’t believe this more than three year long hold-up is simply nothing out of the norm. In my view, I believe the EPA will not sign off on access for VRX to mine unfortunately and the absolute sole reason the share price hasn’t retracted back to a sub thirty or even twenty million dollar market cap is because of how tightly held the registry is & it’s presumed a lot of substantial holders are still sitting on profits even with today’s current price.
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Last
5.6¢ |
Change
-0.003(5.08%) |
Mkt cap ! $33.83M |
Open | High | Low | Value | Volume |
5.8¢ | 5.8¢ | 5.6¢ | $5.525K | 95.32K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 142706 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.6¢ | 20271 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 142706 | 0.055 |
2 | 129665 | 0.054 |
1 | 200000 | 0.053 |
1 | 30000 | 0.052 |
1 | 19607 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 20271 | 1 |
0.057 | 198529 | 1 |
0.058 | 116797 | 1 |
0.059 | 21350 | 1 |
0.060 | 176121 | 5 |
Last trade - 11.22am 22/05/2024 (20 minute delay) ? |
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Last
5.6¢ |
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Change
-0.003 ( 1.75 %) |
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Open | High | Low | Volume | ||
5.6¢ | 5.6¢ | 5.6¢ | 11250 | ||
Last updated 10.35am 22/05/2024 ? |
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