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The company made an announcement back in June 2021 said that the...

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Trade4Profit88

10,141 Posts.

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14/09/22

19:22

Post #: 63702119
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Originally posted by Iknowyysh: ↑

I suspect it should start to track towards 10c by the end of next week as people take their positions before the announcement.

What I did find interesting however is that they were quite specific as to the last week in september. This opens up two possibilities:

1. They will announce a delay = price drops and those in the know will buy up; or
2. The DFS will come early to avoid traders spoiling the run

Lets hope it is released early.

Even if the DFS comes in at $800m (VR8 share), this should still mean the SP should trade circa $80-$120m which is well up on current levels.

That said assuming it is $1.2b then @ 15% of NPV gives an MC around $180m.

Being such a low cost producer should make offtake partners lean towards VR8 as it guarantees supply at lower prices imo

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The company made an announcement back in June 2021 said that the PFS will be released to the market by end of June 2021, and PFS was out on 22/6. This time the company made the announcement via ASX query that DFS is expected on last week of September, so I'm guessing we may see T/H on 27 or 28/9.

VR8 Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.1¢		Change 0.000(0.00%)		Mkt cap ! $23.06M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.1¢	$6.386K	154.1K

Buyers (Bids)

No.	Vol.	Price($)
2	116894	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	198863	1

View Market Depth

No.	Vol.	Price($)
2	116894	0.040
3	147878	0.035
1	15152	0.033
4	240627	0.032
1	40000	0.031

Price($)	Vol.	No.
0.042	198863	1
0.046	53612	1
0.050	100000	1
0.052	151589	1
0.055	16666	1

Last trade - 13.15pm 22/08/2024 (20 minute delay)

VR8 (ASX) Chart

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