VRC volt resources limited

Will Syrah affect VRC?, page-2

  1. 1,669 Posts.
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    Dispatch, I have casually followed SYR's sp during its fall from a high of $6.40 and now down to 83c today!

    "Macquarie have a target price of $4.70 and UBS $4.60 and Credit Suisse $6.40", a quote from a post on the SYR page. (unsubstantiated)

    SYR have a lot of sales booked up, no debt, a large resource and money coming in. There is no comparison to VRC which has some land, a high cash burn rate, highly paid directors and no financing to start a mine!

    In fact, SYR looks like a good buy to me, but has the sp still got some more to fall? Could be a way to make 50% at $1.20 or 100% at $1.60 and still be a huge way below unsubstantiated broker targets for the sp, of between $4.70 to $6.40!

    No news on the VRC front from anyone? Has Trevor spent all that time in Tanzania supposedly to meet the king, for nothing?

 
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