I refer to Exhibit 1 and Exhibit 2, below.
My view is that VRC has openly pointed out that it is at the beginning of exploration phase in Exhibit 1.
If people believe the patterns demonstrated in Exhibit 2, then the sudden reduction in share price is part of a regular pattern in this type of stocks.
Discuss.
Exhibit 1 - Table provided at page 22 by VRC on 29 July 2016 in its New York Investors Presentation:
Exhibit 2 - One of a million replications of this chart showing the life of a miner
Is VRC behaving like a normal mining stock?
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $16.63M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $33.89K | 8.204M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 27377832 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3375151 | 9 |
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| VRC (ASX) Chart |