VRL verity resources limited

Does anyone here own ALG? Share price has more than doubled in...

  1. 385 Posts.
    lightbulb Created with Sketch. 61
    Does anyone here own ALG? Share price has more than doubled in the past 3 months, yet they are still forecasting negative results for years to come. ALG now has similar mCap to VRL. Of course, we've been locked out of the "recovery trade" with the VRL SP living only in the takeover deal range of $2.10 to $2.20.

    VRL in positive earnings, but has a ridiculously low valuation / PE and our directors are warning that if we don't accept this scam, the SP could drop further? Give me a break.

    The Grant Samuels "valuation" (pages 167 onward) is utter nonsense. They trot these guys out every couple of years to repeat "the offer is in VRL shareholders best interests". They quite rightly show the FY20 results as "not meaningful", then go on to justify the hugely reduced BGH offer based on the very same "not meaningful" FY20 results.

    Not happy.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
2.2¢
Change
-0.003(12.0%)
Mkt cap ! $6.147M
Open High Low Value Volume
2.5¢ 2.5¢ 2.1¢ $62.21K 2.593M

Buyers (Bids)

No. Vol. Price($)
1 12000 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 67978 2
View Market Depth
Last trade - 15.50pm 20/06/2025 (20 minute delay) ?
VRL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.