VRL verity resources limited

If successful at these prices, I would have to consider...

  1. 1,827 Posts.
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    If successful at these prices, I would have to consider retaining my existing equity under one of the unlisted structures.

    I would expect that with no ongoing obligations to ASX, what should have been done years ago, but wasn't, will now be able to be done. Asset write downs, investment culls and restructuring of debt lines. Once cleaned up, the entity can be issued as an IPO in possible more favourable trading conditions, at a $3.75 - $4.00 price, equivalent to the pre COVID-19 valuation.

    I have considered whether to take the money and run, but unlisted structures buying assets cheaply and then polishing them up, suit me far better as the market risk is separated from the business (execution) risk.
    Last edited by Jack1960: 18/05/20
 
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Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $6.147M
Open High Low Value Volume
2.3¢ 2.4¢ 2.2¢ $35.01K 1.513M

Buyers (Bids)

No. Vol. Price($)
1 90909 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 109910 1
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Last trade - 11.01am 24/06/2025 (20 minute delay) ?
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