it's simple his reasoning is unsound
drop the MC by 25% $250m to secure $100m cash when $180m is in bank..
bad decisions follow bad decisions
it's the reasoning that is flawed and still in action.
sell the reasoning.. the project is huge and Wedin has lost the ability to sell it at a decent price the market has lost faith in his reasoning..
and with a MC now around $700m and capital or funding of billions required further dilution is inevitable.
ask the man yourself..
Ann: Vulcan Launches Fully Underwritten $A109m Placement, page-20
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Last
$4.26 |
Change
0.040(0.95%) |
Mkt cap ! $801.6M | |||
| Open | High | Low | Value | Volume |
| $4.22 | $4.36 | $4.16 | $1.429M | 337.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13601 | $4.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.28 | 6000 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| VUL (ASX) Chart |