This week, Vulcan Energy (ASX: VUL) revealed mining magnate Gina Rinehart bought 7,241,200 shares - $47,067,800. It’s a large, but strange number… it looks to us like they were scaled back with the rest of us.
Also, VUL has once again caught the attention of our favourite German resource house, Alster.
Alster continues to place share price targets for VUL to destroy (remember $2.43… $9.50...). Alster has just just come out with a brand new target of AU$13.30.
VUL has a rich and long history of beating up Alster's price targets.
Also now with $120M in the bank, VUL is ready to start accelerating its project. The first step was to buy 100% of geothermal sub-surface consultancy company GeoThermal Engineering GmbH (GeoT).
The GeoT acquisition is but one of a sizable list of Vulcan’s promising developments announced in recent months, with more to come shortly.
