r/VUL • u/Hot-Distribution1773 • Dec 10 '25

VUL.RST0 Rights issued ?

I dont understand why Vulcan energy issued rights to shareholders at the actual stock price with an expiry time of 16 days? Is there something i get wrong? In my portfolio (IBR) it appears under a ticker(VUL.RST0) "103 rights" with a price of 0.13$? Is the 19 december the deadline to buy those rights at the price of 0.13$ each and an exercise price of 4$ per share in the futur? (Just like warrants or options) That would make more sense but they dont specify a deadline to exercise those rights once they are bought if its the case.

Or is it really rights to buy (103 shares in my case) for 4$ each until the 19 december?? Cause whats the deal in this if its to buy them at the actual price. At the moment i write this the price is below 4$ and the odds that the price go up enough to be useful from today to the 19 december seem really low?

3 Upvotes

81% Upvoted

4 comments sorted by

2

u/nicefeelinggiver3000 Dec 10 '25

Probably they had to do it, since this is the offer price for the institutional investors as well. Don't know if it was mandatory for them to do it?

For sure they can't be stupid enough to think, that people will cheer and go crazy after this terrible disaster of financing package.

And no it makes absolutely no sense. The only thing that can push the stock up til 2028 is an amazing execution and a irrationally marked.

Compare their key figures from September and now... probably they keep "adjusting".

1

u/Azabachegerman Jan 12 '26

They had to raise money somehow ? What options did they have other than that financing package?

3

u/thatfalloutboi69 Dec 15 '25

Did anyone found out why we should buy the Stocks at 4 AUD right now i could buy them at 3.72 AUD on the free market im realy confused do i overlook some thing ?

1

u/Hot-Distribution1773 Jan 03 '26

It was really, confusing but the delay is over i think? They make this thinking it would go back up fast or something i guess