It would appear from todays trading activity that there was obviously some distressed selling going on yesterday. We had was over 8 million sold. That is unusually high volume for VRC. It has has averaged around 2.8 mill per day for the month of April.
I did post yesterday how I was lucky enough to pick up some more at those lower levels.
I don't think I have read any bad news coming from VRC in the past month after we were trading in the high 4's. The best time to buy is obviously when no one wants them and yesterday was one of those opportunities that was to good to pass.
Well done to those who took up that opportunity yesterday. I have little doubt you will be pleased with your investment in due course.
I can fully understand shareholders becoming impatient, but sometimes we have to remind our selves that there is process that companies must go through and there is not much anyone can do about it.
We would all like everything to be completed as of yesterday, but thats not the real world in which we live..
I will be looking forward to see where we are at, come the end of this year. At that point in time I will reassess my position.
I am currently holding more then was my original intention. It is now a significant investment. Circumstances have allowed me recently to buy more stock at levels that I did not believe would be possible. We are actually now more advanced today then what we were a month ago when the share price hit a high of 4.8c . On the 12th of March over 14 million shares were purchased at 4.5c and above. Was not expecting to see them back at 3.1 yesterday.
Cheers and good luck.
Add to My Watchlist
What is My Watchlist?
