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22.2%

1.1¢ viking mines limited

$5.5m cash + $3.8m due vs $7.5m market cap, page-20

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Nebuchadnezzar

327 Posts.

16

06/11/17

21:18

Post #: 28551855
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Originally posted by TheGladiator ↑

See normally a shell acquires something a needs to raise who has then means it's held back by sophs wanting to flip for a profit. Then a few months later need to raise again for drilling etc which again means more dilution. With vka though we can acquire ad advanced project then immediately start drilling all for no dilution. Any lithium or cobalt or gold Aquisition who have the cash to drill are $20m plus mc. Also with 70% of the register tied up then can move very easily.

Either way there is a 35% rise here even without an Aquisition so that' not a bad worst case scenario lol

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Agreed. Have management in their discussions with anyone alluded to any particular mineral that they're looking to acquire?

VKA Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.1¢		Change 0.002(22.2%)		Mkt cap ! $9.563M

Open	High	Low	Value	Volume
0.9¢	1.1¢	0.9¢	$18.39K	1.992M

Buyers (Bids)

No.	Vol.	Price($)
2	800000	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	464660	3

View Market Depth

No.	Vol.	Price($)
1	58203	0.009
3	1359285	0.007
7	4060465	0.006
5	6250416	0.005
2	1300000	0.004

Price($)	Vol.	No.
0.010	2715065	9
0.012	4704655	1
0.013	699004	3
0.014	560000	2
0.015	730058	3

Last trade - 16.10pm 29/11/2024 (20 minute delay)

VKA (ASX) Chart