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Vertex Resource Group Ltd V.VTX

Alternate Symbol(s):  VTXGF

Vertex Resource Group Ltd. is a Canada-based provider of environmental services. It provides environmental consulting and support services to a diverse clientele across Canada and in select locations in the United States. Its segment includes Engineering and Environmental Consulting services and Environmental Services. Environmental Consulting consists of a variety of services related to assisting its clients to meet internal environmental standards, environmental legislation and related environmental compliance requirements. These services span multiple industries including energy, mining, utilities, forestry, private development, public infrastructure, telecommunications and government. Environmental Services consists of a variety of services related to transportation; removal, storage and disposal of materials; and maintenance of facilities, in an environmentally safe manner. Services include fluid management and logistics, waste and recycling, agriculture, and hydro-excavating.


TSXV:VTX - Post by User

Comment by mrmoribundon Dec 30, 2023 8:39pm
431 Views
Post# 35805417

RE:32 Degree capital

RE:32 Degree capitalI agree it is strange. But it's not like there has to be anything nefarious here.

32 Degrees Capital declared a long time ago on their website that the decision had been made to wind up their fund group. As of their last website update they managed $190 million and their positions in Vertex (40 cents per share) add up to about $8 million.

That's small enough that you wouldn't expect VTX being seen as undervalued to hold up the entire fund group closure--including the sale of those 17 million VTX shares.
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