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42.5¢ venturex resources limited

Canaccord Research, page-50

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mlives

264 Posts.

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25/09/18

06:43

Post #: 35813663
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Originally posted by tcf ↑

No sour taste in my mouth at all re your comments. Just interested in your investment theory.

Nearly 12 months ago VXR stressed the SS development was a “project”. It’s share price was around 24 cents (consolidated). Conglomerate gold finds kicked the sp to around 40 cents. CR funds were gathered at 27 cents for SS through the courtesy of a gold inflated sp.

VJ came on board in April with the sp at around .22 cents.

The metalergy results came out with a sp around 18 cents.

The DFS summary was reported with the sp around 17 cents. Brokers roadshow happened a week ago with sp suggestions of 50ish cents.

All of those key events have served only to drive the sp down.

So sorry, what event are you predicting will drive the sp up? A gold find maybe? But VXR isn’t looking for gold!

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2 things: A Positive BFS and financing. With the project as it now stands, I think these are likely and a re-rate is due soon.

Greenfields have taken a pounding in the last few months, so a stable SP is not a bad thing.

VXR Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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