Business
Lithium tearaway Vulcan Energy warms up funds – The Australian Financial Review
It’s the hottest ASX-listed lithium play of the past year – up 3700 per cent since January 2020 – and it’s about to be roadshowing in front of fund managers.
That PFS release landed the same day it was revealed that Gina Rineharts son and AFR Rich Lister John Hancock had taken 5.2 per cent stake in Vulcan, and had been trading the stock since June last year.
For fund managers, the release of a PFS quickly followed by a roadshow plus the news of a high profile investor landing on the register spells one thing: a capital raising on the horizon. Vulcans not widely owned by Australian institutions; its biggest shareholder is MD Francis Wedlin, while other…
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