Looking back...generally on track, page-2

Nice one Kfann ...


Off topic ...


Nearmap should have gone after them as well !! ( J Capital and its boss Tim Murray )

This is from stock - head.com.au

16.12.2021

52 minutes ago

Vulcan settle short-seller dispute

$1.5 billion geothermal lithium stock Vulcan Energy (ASX:VUL)has settled a short-seller dispute in the Federal Court that prompted a hit to its share price worth hundreds of millions of dollars back in October.

The case has dragged through the court over the past month, following a report by activist short seller J Capital and its boss Tim Murray, accusing Vulcan of using unrealistic assumptions to paint an overly rosy picture for investors of its Zero Carbon Lithium Project in Germany.

The report prompted a response on the ASX from Vulcan “categorically rejecting” the allegations, stating “the Report contains many claims that are wrong and misleading,” and subsequently sued J Capital and Tim Murray for false, misleading and deceptive behaviour.

Following an out of court settlement the Federal Court has issued consent orders that J Capital and Tim Murray are permanently restrained from disseminating, publishing or republishing any matter of and concerning Vulcan, its directors and officers.

They have also issued an open apology to Vulcan, managing director Francis Wedin, chairman Gavin Rezos, co-founder Horst Kreuter and Thorsten Weimann, released to the ASX by Vulcan today.

“While J Capital and Mr Murray may have different views about the potential of Vulcan’s Zero Carbon Lithium Project, J Capital and Mr Murray apologise for the allegations regarding Vulcan’s Board and management,” the letter read.

“J Capital and Mr Murray sincerely apologise for any damage, distress and embarrassment caused to Vulcan’s Board and management, and in particular to Dr Wedin, Mr Rezos, Mr Weimann and Dr Kreuter.”

Vulcan shares were up 3.7% this morning to $11.87.

They tumbled from $14.99 in late October to a three-month low of $9.15 on December 6 following the publication of the short report, but have since recovered ground on the back of an offtake agreement with auto giant Volkswagen and the €31.5 million purchase of a geothermal energy plant in Germany.