VRC is now trading at 12 month lows.
The buy side is being propped up by 9 million buys at 1c or under.
The company is relying on conversion of 2c options to fund it. This is looking increasingly unlikely as the SP falls near this.
No OPEX on revised output targets, no revised CAPEX either.
$1m debt over the company at the moment and no way to pay it back except funding which in this current market is looking like a pipe dream.
Board re-shufflements as well as Tanzanian law changes.
Literally a recipe for disaster at the moment. I don't know who is going to catch this falling knife in my view.
Best of luck holders but this could become a shell very very soon!
VRC is now trading at 12 month lows. The buy side is being...
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $20.79M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $5.49K | 1.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 30298271 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5169200 | 6 |
View Market Depth
| Last trade - 15.13pm 28/06/2024 (20 minute delay) ? |
| VRC (ASX) Chart |