Thanks for your kind words mate. I understand there were 111M...

Thanks for your kind words mate.

I understand there were 111M shares placed in the public offer at 4.5c to raise $5M? Suggests you'll have to churn around 200M shares before brokers are done. Much less than contemporaries like RAP, CNW and NOR.

Another good thing for VNX is that the placement was heavily oversubscribed. You could have some big volume days first up as placement holders flip to those that missed out.

I'll be watching VNX closely.


PS - I did hold AWD for a while but don't hold ATM. Forgot to update my sentiment. It's "wait and see with a positive bias".