Unfortunately it looks like the RRS presentation this week failed to ignite any fire under the SP. I was wondering if anyone here managed to go to the presentation and can shed some light on how it was received? Although we kinda can tell looking at the SP and volume.
All the nugget stocks ARV, DEG, KAI have all faltered today following Novo's fall. The fact that VXR SP did not rise in conjunction with the rest of these nugget stocks earlier this week could mean that we are no longer considered part of the conglomerate gold group of stocks. So, are all holders now Sulphur Springs faithfuls?
It is eerily calm the last few days. Seems like nobody is willing to risk anymore, but at the same time no rush for the exits as well. The manipulators are not revealing their cards.
All we have now is the MD's words. 80% Permitting / 70% DFS / 20% Financing. So if 100% Permitting, 100% DFS, then 100% Financing? For a supposed billion dollar project, the 1.4c SP just does not add up.
Unfortunately it looks like the RRS presentation this week...
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Last
$2.16 |
Change
0.060(2.86%) |
Mkt cap ! $557.3M | |||
| Open | High | Low | Value | Volume |
| $2.10 | $2.20 | $2.04 | $1.503M | 704.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3220 | $2.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 580 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| DVP (ASX) Chart |