Pretty obvious gap between the strategic investment & current SP, I'm yet to see a raise like this where the SP didn't gravitate towards the placement price (11c). Quasi-arbitration opportunity for the bold!
Outside of the price opportunity, the announcement today is brilliant. Higher project interest (resulting in material increase in NPV share), strategic shareholder, offtake agreement.. it's all looking extremely positive. The CEO has been smirking for months in interviews, I think we can see why. If he's still smirking in the next interview, I'll be buying more.
Cheers.
Ann: VR8 increases Project interest from 73.95% to 86.49%, page-14
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