I would imagine that a lot are in the same boat as myself - waiting on actual news rather than stewing over little nothings.
I am estimating that we will burn between 17 and 25 million this quarter and around 10-15 next quarter based on the last qaurterly. From that point we should be cashflow positive again and still have 165-180 in the bank. As long as they can show that they have a production plan in place going forward then these levels are fantastic. As yet they have not shown that and as such we are where we are.
I don't think people have clued onto the fact that the 15 million for Apollo previously announced was just as the 13 million this time is - for the late payment of contractors (in my opinion). The company has been paying off Laverton for a while and as of the quarter just gone seems to be on top.
We finally have a clean slate financially, but need to get production and staffing in order.
I would like some sort of announcement regarding the following:
- the progress of the three drill programs
- confirmation that production is going as planned (without any 8 week shutdowns - that was unforgiveable)
- a statement regarding 24/7 mining if this is going ahead
- a statement regarding mill expansion (surely the way forward is close to being finalised)
- a 6-12 month forward looking statement of where production will come from. No 500k statements, just simple facts that show they have a plan.
Ramble done.
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Last
36.5¢ |
Change
0.010(2.82%) |
Mkt cap ! $104.5M |
Open | High | Low | Value | Volume |
36.0¢ | 36.8¢ | 36.0¢ | $47.39K | 130.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 24094 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.5¢ | 304 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21206 | 0.360 |
1 | 2000 | 0.355 |
2 | 51692 | 0.350 |
3 | 30313 | 0.345 |
2 | 36564 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 228425 | 3 |
0.375 | 19966 | 2 |
0.385 | 3800 | 1 |
0.390 | 3899 | 1 |
0.395 | 26300 | 3 |
Last trade - 15.56pm 11/07/2025 (20 minute delay) ? |
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VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
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