A fund raising initiative in 6 months will be well above the current market price of 0.7c.
What you have to appreciate is that Friday was a game changer for this company. Most of those who would like a ticket to the game have not yet got themselves set. So expect very little noise as the hustle and bustle for shares in VHL begins.
Brokers wanting a shortcut allocation for their sophisticates through a placement would have to wait 6 months, they run the risk of paying significantly higher than current market price by doing so. Savvy hotcopper punters are also lurking, seeing a multi-bagger opportunity starting to unfold, but obviously need a decent position before declaring their hand.
Expect this activity to crystallize in a share price that slowly starts to creep up over the coming weeks/months before we start to see some real sharp moves North... as the smart money starts to promote the stock through newsletter/stock forums etc..
Those holding now are in the box seat, they can lean back, relax and enjoy the game unfold with little risk and considerable upside on the horizon.
imo.
VHL Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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