An unconvincing day for VRC and as I said before there is no floor in the price until the SPP VWAP is calculated. At 1.6 cents shareholders are facing a SPP at 1.28 cents.
I think the stock will be in the low 1 cent range by the time the VWAP is calculated so potentially a SPP at 1 cent.
The only people that benefit from a placement completed like this is Pattersons who don't currently have a position in the company. They potentially get stock at 1c to 1.2c and can happily trade it out for 20%. But who buys all their stock?
An unconvincing day for VRC and as I said before there is no...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.79M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $9.803K | 1.879M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11764 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 21748710 | 29 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| VRC (ASX) Chart |