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.
M&A candidate now
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Mkt cap ! $24.95M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $18.36K | 3.662M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 13741129 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 29165026 | 34 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 295598 | ||
| Last updated 15.51pm 14/06/2024 ? | |||||
| VRC (ASX) Chart |