Arion, there is being optimistic (which I am) but there is also being a realist. I'd love to know how much money was lost with punters buying in the 40c bracket based on Bruce's "offtakes before xmas" comment. I would suggest, quite a lot. Then there are the timelines - enough said on those.
So good management is about being realistic and providing forecasts based largely on fact (the past) plus having a good grasp on whats coming up. Unfortunately I think VRX's forecasts come from the same stable as Tim Flannery's - you know, the guy that, a few years ago said, "even the rain that falls isn’t actually going to fill our dams and our river systems, and that’s a real worry for the people in the bush". mmmmmmm - got that one right. NOT! I think he aso said that it won't rain again in NSW after our last drought but I stand corrected on that one.
Maybe Bruce has Tim on speed dial for forecasts.
IMHO
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4.0¢ |
Change
-0.002(4.76%) |
Mkt cap ! $25.13M |
Open | High | Low | Value | Volume |
4.2¢ | 4.2¢ | 3.8¢ | $9.36K | 232.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 294883 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 128330 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 288305 | 0.038 |
2 | 341072 | 0.037 |
2 | 178008 | 0.036 |
1 | 119534 | 0.035 |
1 | 100000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 128330 | 1 |
0.045 | 17000 | 1 |
0.046 | 200000 | 1 |
0.047 | 38619 | 2 |
0.048 | 296773 | 2 |
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