VAN 0.00% 4.7¢ vango mining limited

Of course I understand. If you want honesty, I am sitting on...

  1. 1,863 Posts.
    lightbulb Created with Sketch. 141
    Of course I understand. If you want honesty, I am sitting on 300K losses at ORD. I am not saying you have to average down if you dont have the money to do it. And even if you did I am not suggesting you average down.

    If you have no money to do anything you still have the opportunity to sell your rights on market and effectively average down or collect your cash. At the moment the rights are, at an intrinsic level, valued at $0.003 per instrument. Depending on how many shares you have, there is an opportunity to cash these in. Given that the ordinary share price is likely to rise, maybe to $0.05 (as an example), the rights would be worth $0.022.

    Please I am not a financial advisor so this is not advise. Merely trying to explain options.
 
watchlist Created with Sketch. Add VAN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.