Total upfront consideration of $24.0m cash + 10.0m shares.
Vysarn to raise approx. $38.2m via a single tranche placement under its existing placement capacity under ASX Listing Rule 7.1 and 7.1A for funding of the upfront cash consideration of $24.0m for CMP, plus any working capital / debt adjustment payable by Vysarn. • Remaining funds to be allocated to future growth initiatives and the ongoing development of the Kariyarra water resource.
Trading Friday: Share price reaction up 2%
VYS; compounding growth .. chart is up left to right..
Return (inc div) 1yr: 137.50% 3yr: 78.16% pa 5yr: 50.26% pa
Company has appointed Mr Steve Dropulich as Chief Operating Officer (COO).
Vysarn | VYS | Industry leading vertically integrated water service provider
The Board
Maybe not a buy. chart would need to retest 30cps:
Circa 52 week high: Friday 32cps
Small cap: $131Mill
illiquid trades only average Daily Traded: (3-month): $52,450
Assets fully allocated to FMG, BHP and Roy Hill Iron Ore under multi-year master service agreements.
▪ Delivered record results in 2HFY23 driven by full deployment, operational efficiencies, rate increases and double shifting of one asset.
o Strategic Decision to pull multiple assets in 1HFY23 for compliance upgrades to meet Tier-1 standards
o Impact on 1HFY23 earnings but facilitated deployment on new, improved multi-year contract
Return (inc div) 1yr: 182.35% 3yr: 31.73% pa 5yr: N/A
