Understandably it's hard for long term holders to keep the emotions under control, with a roller coaster stock like this.
But let's look at this now things have cooled down a bit. The revenue from BHP was $0.6m, which includes (from the statement) the purchase of 6 new crushers. Now I don't have a Wescone catalogue in front of me, but i'd be surprised if you could buy a single crusher with much less than a $60-70K? worst casing it at $50k a pop, that's lost recurrent revenue of about $300k, not $600.
Also read the statement again - BHP look to be acting like, well, BHP. They've basically said we like your crushers but we're now going to go shopping for non-original parts and do it ourselves because you dared to try and give us a different commercial model. Not unusual for the Big ex-Australian.
Serena - VPR has 2 or 3 employees. Boyd, an Engineer and that's about it. They definitely don't have a PR department or comms department.
And does anyone really think a professional CEO like Boyd is going to dump shares in advance of 'bad news' in what some people here are calling insider trading? He's relatively young for a CEO and he'd struggle to get another gig anywhere after something like that came out (and it would - he's right up there in the top 20) and a holder who would have notify if he was selling.
I don't think this is the end of the world, but it's certainly not a positive event for VPR.
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Last
0.1¢ |
Change
-0.001(33.3%) |
Mkt cap ! $21.43M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $33 | 32.50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
38 | 70547072 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 80825431 | 44 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 14782371 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 121281796 | 28 |
0.003 | 87438382 | 17 |
0.004 | 14496209 | 10 |
0.005 | 5020669 | 4 |
0.006 | 1073331 | 2 |
Last trade - 10.24am 03/12/2024 (20 minute delay) ? |
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VPR (ASX) Chart |