You can add JV, Farm in, Takeover to the list Dianne.
https://resourcesroadhouse.com.au/_blog/Resources_Roadhouse/post/ventnor-and-sandfire-you-know-it-makes-sense/After a great start and investors being up, lacking funds VRX went into a trading halt Mar 13. 6mths later SFR JV'd with VRX.
The result was this to investors
And eventually all the copper assets were demerged in 2016 when VRX was in the 1-2c range.
While this is different from today's setup...the point is the destruction of long term investment value and being blindsided. I'd like to see VRX go into production and see a worthwhile industry in WA as well as value in my shares. Dividends perhaps? What could happen is the above or a buyout where we become part of a bigger company but see no real value added or very little compared to if VRX makes it solo.
VRX is still a loss making entity and needs handouts to survive....
You can add JV, Farm in, Takeover to the list Dianne....
Add VRX (ASX) to my watchlist
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Last
5.7¢ |
Change
0.004(7.55%) |
Mkt cap ! $33.25M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.7¢ | 5.4¢ | $44.77K | 814.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 273297 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.5¢ |
Change
0.004 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.5¢ | 5.4¢ | 178268 | ||
| Last updated 14.15pm 03/05/2024 ? | |||||
| VRX (ASX) Chart |