Versarien - VRS

For me 65p is a key area of support(200ma) & above 88p I'd be more bullish, on 1st attempt 65p held.

I do follow VRS and IMHO results not really that unexpected. They are raising funds via the Chinese BIGT deal so that's not unexpected, granted if that falls through then they'll have to raise by more traditional methods, and if it does fall through there will be IMHO carnage on that announcement. But WDIK !

Versarien have 40 projects & 24 on the way & 17 in active research, but don't have any commercial deals over the line, they just keep burning cash & I think vrs will need to raise more money next year

t.co/MCnRQxWIL5?amp=1

Nice imfo and charts guys...

The break yesterday was key imvho....
This has bounced off the 200 day ema line on th weekly chart at 64p...

If that level fails, i think it will imvho.....a drop down to the low 20's cannot be ruled imho...

will try and post a chart later...

atb, wdik, dyor,
trendfriend

Hit 65p support due to Awful rsn, losses increased, revenue falls, burning cash,fear some form of fund raising is needed going forward,2.64m cash left as of September, the numbers are abysmal, astonished at the market cap, I like versarien, but I don't like it's finances.

Gawd,that was quick, 75 almost hit!

Thanks for charts