VRX 3.70% 2.8¢ vrx silica limited

Long suffering holder, page-168

  1. 6,699 Posts.
    lightbulb Created with Sketch. 2513
    "They get approval, they raise again. Higher. Quite possibly after announcing offtakes."

    But who is going to underwrite another raise after what happened in the last debacle ? Canaccord ? They got left holding 83% of the shares on offer. They'd have to be chump charlie to sign up to that again. It looks to me like that cap raise was as good a "vote of no-confidence" in VRX management as you are likely to get, outside the AGM.

    All IMHO, DYOR

 
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