VUL - Vulcan Energy Resources

[Dona Ferentes]

Does this mean we would not be allowed to purchase these new shares?

Probably not..

This is not an entitlement, or rights, issue, it seems. Rather than not allowed, it means not offered. If you already hold VUL, you might have access to a SPP in the future.

Essentially, more money in the door and more shares issued means dilution if there is no pro rata opportunity.

 

[samuilk]

Probably not..

This is not an entitlement, or rights, issue, it seems. Rather than not allowed, it means not offered. If you already hold VUL, you might have access to a SPP in the future.

Essentially, more money in the door and more shares issued means dilution if there is no pro rata opportunity.

Yeah. That is a shame I don't have any stock at all in it, and a 6.50$ entry would've been lovely. : (*

 

[Garpal Gumnut]

Probably not..

This is not an entitlement, or rights, issue, it seems. Rather than not allowed, it means not offered. If you already hold VUL, you might have access to a SPP in the future.

Essentially, more money in the door and more shares issued means dilution if there is no pro rata opportunity.

I'm happy for the capital injection in to VUL. I bought it cheap and having to pay $6.50 a share in an entitlement would have been a dilemma for me.

What I know about engines and batteries, internal combustion or EV one could fit on the head of a pin. A mate near Coolangatta services the Bentley and puts me up during the service.

All I know well is fear and greed.

I'm happy for someone else to pay $6.50 even if it does go to $42 or ends in tears.

gg

 

[surfiebum]

Could you clarify for me. Does this mean we would not be allowed to purchase these new shares?

I actually emailed them and this is what I got back
"The definition of a sophisticated investor is:

• Have gross personal income over the last 2 years of at least $250k; or
• Have net assets of over $2.5m

Your Accountant can then issue you with a 708 certificate to prove this status, that is valid for 2 years.

Therefore, unless you qualify as a sophisticated or professional (someone who works in the industry under an AFSL) unfortunately you are unable to participate in this current raise."

 

[brerwallabi]

A sophisticated investor is as surfiebum explained, it doesn’t mean he knows what he is getting into when purchasing stocks, notes, options other financial product.
A lot of so called sophisticated investors have no real idea of what they are getting into with financial disclosure so complex or lacking that they never see their money again.
I am not classifying the VUL offer in that category.
I really believe that how a sophisticated investor is classified needs to be addressed as it twenty odd years since the criteria was introduced and that company shareholders who hold a certain minimum amount of shares are classified as sophisticated and be allowed to participate in offers such as the VUL offer.
I would like to purchase some more VUL however ....

 

[Ravenor99]

Gina R backing the CR. Good news for existing holders imo. The next big SP driver will be a offtake offer. Patience is key for existing holders.

 

[lucifuge1968]

Gina R backing the CR. Good news for existing holders imo. The next big SP driver will be a offtake offer. Patience is key for existing holders.

Her son John Hancock bought up a large stake on the 15th Jan 2021, now has 5.23% in the co.

 

[Ravenor99]

Gina R investment in Lithium company on ABC this morning. VUL not mentioned directly.

 

[frugal.rock]

So let me say this out loud.

So Rinehart and co get $100 million worth of shares at $6.30 apparently ?
Is Vulcan really worth the $9+ share price ?
Was retail offered $6.30 ?

I hope for holders that "they" do the right thing by holders.

Are they known traders, or is it a legitimate long term investment, I wonder?

 

[samuilk]

So let me say this out loud.

So Rinehart and co get $100 million worth of shares at $6.30 apparently ?

Is Vulcan really worth the $9+ share price or is it another GameStop incident ?

Are investors pleased that Gina Rinehart has made circa 50% in a very short time ?

Was retail offered $6.30 ?

I'm disgusted and the situation borders on market manipulation, Imo.

I wish we got offered at 6.30

 

[Ravenor99]

So let me say this out loud.

So Rinehart and co get $100 million worth of shares at $6.30 apparently ?

Is Vulcan really worth the $9+ share price or is it another GameStop incident ?

Are investors pleased that Gina Rinehart has made circa 50% in a very short time ?

Was retail offered $6.30 ?

I'm disgusted.

No retail offer.

Not another Gamestop.

GinaR just made 25 million maybe more correct.

 

[frugal.rock]

I modified my post as I had a moment of jealousy.
I wish quoted text changed with edits that are allowed for 20 minutes.

 

[lucifuge1968]

Consider looking at this in a different light; the fact that someone like Gina R had take-up is awesome for other investors. I'm over the moon with it. If that doesn't spell confidence, nothing does. As for doing the right thing for investors, this sort of confidence alone in the stock will do wonders. ?

 

[Dona Ferentes]

spin it how you like. Rot Flagge ?

Highlights:
• Binding agreement signed to acquire 100% of geothermal subsurface consultancy company GeoThermal Engineering GmbH (GeoT).
• GeoT has a highly credentialed, world-leading scientific team with over a century of combined expertise in sub-surface development of geothermal projects, from exploration to production drilling.
• Acquisition is part of Vulcan’s plans to accelerate its Zero Carbon Lithium® project in Germany, by rapidly growing its development team.
• GeoT (https://www.geo-t.de/en/) is based in the Upper Rhine Valley, Germany, and is owned by Vulcan Executive Director Dr. Horst Kreuter.

 

[samuilk]

They have dipped nicely time to buy?

 

[Ums]

They have dipped nicely time to buy?

Now is the the time I think

 

[Ums]

spin it how you like. Rot Flagge ?

Highlights:
• Binding agreement signed to acquire 100% of geothermal subsurface consultancy company GeoThermal Engineering GmbH (GeoT).
• GeoT has a highly credentialed, world-leading scientific team with over a century of combined expertise in sub-surface development of geothermal projects, from exploration to production drilling.
• Acquisition is part of Vulcan’s plans to accelerate its Zero Carbon Lithium® project in Germany, by rapidly growing its development team.
• GeoT (https://www.geo-t.de/en/) is based in the Upper Rhine Valley, Germany, and is owned by Vulcan Executive Director Dr. Horst Kreuter.

Seems to have a negative effect on price

 

[samuilk]

Now is the the time I think

Does seem decent considering all those sophisticated traders got in at $6.50 and I’d say they would be holding for a while

 

[lucifuge1968]

Anyone disappointed with not being able to get on at the $6.50 offer should be pretty happy today; it closed only 6% above that.

 

[lucifuge1968]

bit of an aside, but players interested in VUL might enjoy another similar lithium-based stock only just rated by Wise Owl today (who are also recommending VUL)


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