VML 0.00% 0.2¢ vital metals limited

Ann: Vital Strengthens Board with Appointment of Two Directors, page-14

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  1. 10,438 Posts.
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    If im correct there are about 3.8 billion shares on issue and if you are ever expecting to get say 5% return on your .046 shares that might be .0023 cents x 3.8 billion shares it would need to make $8.7 million profit net after tax and amounts for reserves ok lets say .5% $874,000

    So how much have they even reported in sales so far and expenses would not be covered after how many more in sales...can yu give me an estimate of when they might break even? I held these shares for a little while but the management never provided enough information to go on except excitement to be shared by 3.8 billion shares if they ever make a profit.
 
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