Post by
lifegoeson on Aug 30, 2021 4:21pm
Strongest closing price in a long time.
VUL traded 505,000 shares and closed at $0.27 (but that close was just a 500 share closeout fill), nonetheless, great to see the buyers around on a Monday as people get back from summer vacations and back to work. I have been doing more due diligence on RMK (now Atlas Salt, the new ticker symbol SALT will start trading September 1). RMK was up strong today trading close to 600,000 shares and closing at $0.92, so I suspect part of the action in VUL has to do with RMK since VUL owns about 28 M shares of RMK. I posted my thoughts on due diligence about RMK on the RMK forum. In a nutshell, go to RMK's web site and look at the information fround under Salt Project. I found it very positive for both companies. It is early days as VUL has $13.5 M cash in the bank and NFLD projects that are about to begin. Sprott invested $2M in VUL.
Comment by
JohnCabot on Aug 30, 2021 10:29pm
The trend appears to have reversed. It won't take much to push it pass the 52 week hi.