From a peak of MC of $180m to $30m now and given the size of the resource VRC commands then, IMHO, it is a potential M&A target now. For instance, teaming up with BKT would be a reasonable fit, as you would then be talking about a combined resource around 700Mt which is on the way to rivalling SYR. Anything with big brother would be toxic and not even worth contemplating.
What SYR has to say on 4 April could be a catalyst to reshape things for the better.
I agree with the poster who said the options are the best way to play this now - the leverage is massive if the head moves up. High risk, high reward trade IMHO of course.
- Forums
- ASX - By Stock
- M&A candidate now
From a peak of MC of $180m to $30m now and given the size of the...
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRC (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
-0.001(10.0%) |
Mkt cap ! $18.71M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $3.9K | 783.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
55 | 38779868 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 7729597 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
55 | 38779868 | 0.004 |
10 | 10037715 | 0.003 |
9 | 15741525 | 0.002 |
6 | 13667000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 7729597 | 6 |
0.006 | 24944835 | 35 |
0.007 | 7692551 | 8 |
0.008 | 5295275 | 10 |
0.009 | 5671149 | 8 |
Last trade - 14.54pm 26/06/2024 (20 minute delay) ? |
Featured News
VRC (ASX) Chart |