Long term VRL holder here, around 12 years.
Has anyone else noticed the very low volumes in the past 3 months? We seem to be drifting lower day by day, yet many days the average parcel sold is sub $1,000. Is there some sort of consolidated of unmarketable holdings going on? There are an awful lot of very small parcels transacting. The S/P is down 35% in 3 months, no particularly bad news in that time.
S/P of $3.30 on the day before the "Strategy Presentation" on 7th June - I didn't find any startling revelations in that presentation. I recall reading that folks were reasonably happy with the broad strategies and the potential for reinstating dividends - yet the S/P is down 25% since then (2 months).
I doubled down at $2.76 on 13th June as it looked heavily oversold to me after that announcement. Went sideways from there for 2 weeks and now down 10% in the past 4 trading days.
Preliminary report on 22nd August should make interesting reading.
Look forward to hearing any thoughts on what's driving the price down from other holders.
Long term VRL holder here, around 12 years.Has anyone else...
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