Rumour has the placement is for $3M @ 22c. Not a bad outcome all...

Rumour has the placement is for $3M @ 22c.

Not a bad outcome all things considered. With the EPA delay needed enough funds to see them a bit further than Q2 maybe, plus have the engineers etc work through detailed EPC contracts and start-up works which will help keep the project timeline on track. $3m is the minimum really worth going for and a drop in the bucket for the mine development, tells me this is only a stop gap measure and they have faith of raising all the equity funding at better prices and/o through alternative means. 22c is also not bad considering shares had traded at 21.5 and 22 all day before the trading halt. Broker recognises that VXR is good value and illiquid, no discount required to entice new nuyers onto the registry. Just happy to get there with paying a premium I bet.

Good luck