You say "...the company is spending next to no money". That's good in one sense
but not in another. The lack of spending probably means VRX are taking longer to
complete tasks, so the timelines blow out and targets gets missed. Does that story
sound familiar ? We're starting to get possible indications that they are taking
longer than expected to submit the ESD to the EPA which was supposed to be
back by 18 June according to VRX's update on 25 May. But the ESD is still not
showing as submitted on the EPA website (stage 3, step 1). The poor coms from
management to shareholders have been led some here to urge management to
employ a person to perform that role, but so far no change. Actually I see the three
man band method of running a company with this market cap and earning potential
is an obvious problem. I'd like to see an additional person on the management team
with some mining experience to ensure good, well argued, decisions are being made.
In the background, the low spend policy means potentially slower progress and
shareholders having funds invested here for longer periods with little growth,
and missed opportunities elsewhere. All up, I'd suggest accelerate spending and
get VRX into production a little quicker.
All IMHO, DYOR
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Last
3.6¢ |
Change
0.002(5.88%) |
Mkt cap ! $22.61M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $8.381K | 230.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 573999 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 573999 | 0.036 |
1 | 16998 | 0.035 |
1 | 3823 | 0.034 |
1 | 45454 | 0.033 |
4 | 282063 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 50000 | 1 |
0.039 | 69999 | 2 |
0.040 | 20000 | 1 |
0.042 | 171626 | 2 |
0.043 | 28768 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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