Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-264

Hi Bendigo,

The wweather in fnq is fantastic 27 every day. Not going to the Cape but I think you'll find that glass company can't make glass for solar panelling so pretty useless for vrx.

As for dilution, yes vrx has kept a tight shareholding but that is pretty normal for a penny stock up until it needs to start getting on with it. This will soon change as their will be a requirement for significant dollars to complete the plant and get underway. Based on an estimated $25m build from Bruce. It will more likely be a requirement for about 40 to 50m AS A GUESS AND IMHO.

Building costs esp for materials has sky-rocketed post covid. Now I know some people think that all the capex has been made but not according to the balance sheet but time will tell on that one.
On the flip side of course is a 70% deterioration in the sp which isn't good. I wonder how much money posters, other than lth are well in the red?

Imho & dyor