VYS

7.79%

41.5¢ vysarn limited

Ann: Rig utilisation update, page-22

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ralom

17,534 Posts.

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26/08/20

23:10

Post #: 46848959
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Originally posted by ralom ↑

Not so sure I agree raising was in May when anxiety about pandemic
“
Since relisting on ASX in September last year, the Company (through its wholly owned subsidiary Pentium Hydro Pty Ltd (Pentium)) has been able to establish itself as a fully operational service provider in the borefield construction industry, and as detailed in the Company’s announcements, its recent operating and financial performance has been in line with management’s expectations and forecasts. The Board is mindful however, that the global economic outlook faces uncertainty due to the current COVID-19 pandemic which is impacting domestic and global markets. As such, the Board considers it prudent to take pre-emptive action and raise funds under the Entitlement Offer to strengthen the Company’s balance sheet. Funds raised will give the Company optionality to either execute its organic and acquisitive growth strategies, to pay down debt and/or provide additional cash reserves should the core business see a contraction in work in the short to medium term.
The Board strongly encourages you to participate in the Entitlements Offer ...”

from prospectus

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i would be surprised to see any “contraction in work “

VYS Price at posting: 6.2¢ Sentiment: None Disclosure: Held
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Last 41.5¢		Change 0.030(7.79%)		Mkt cap ! $173.7M

Open	High	Low	Value	Volume
37.0¢	42.0¢	34.0¢	$711.4K	1.805M

Buyers (Bids)

No.	Vol.	Price($)
2	6188	41.0¢

Sellers (Offers)

Price($)	Vol.	No.
41.5¢	62879	1

View Market Depth

No.	Vol.	Price($)
5	166950	0.400
1	1290	0.390
1	1300	0.385
1	5888	0.380
1	20000	0.375

Price($)	Vol.	No.
0.415	62879	1
0.420	233643	2
0.425	100000	1
0.430	21750	2
0.435	25000	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

VYS (ASX) Chart

Ann: Rig utilisation update, page-22

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Ann: Rig utilisation update, page-22

Top Stories

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Featured News