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3.5¢ vanadium resources limited

Ann: DFS delivers A$1.9BN NPV confirming World Class Project, page-300

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sydney6791

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26/10/22

18:14

Post #: 64414214
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Originally posted by pygmyhipppo: ↑

It'll be interesting to see how much cash the company has left. The quarterly for the September quarter should come out any day now (due by next Tuesday?).

According to the June quarterly, the company had $2.9 million in cash at the end of June, and by their own estimation expected to spend $2.35 million in the September quarter, i.e. estimated that they had around one quarter of 'runway' left then.

IMO, while the company probably doesn't spend a lot now that the DFS is finished, a small cap raise would be prudent and is likely - unless project funding is all but teed up and absolutely imminent. If not, better to have some cash to have time to sort out the best deal.

Just my five cents worth, happy to be wrong. Either way, I have confidence in the people running this company, they have delivered so far.

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my confidence gone after I researched its nearby Bushveld Vanadium mine’s performance, with more resources and higher grade than VR8’s , been in production for many years but on average losing $30m every year.

I won’t trust paperwork any more, reality is just less than 50km away.

good luck shareholders

VR8 Price at posting: 7.5¢ Sentiment: None Disclosure: Not Held
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Last 3.5¢		Change 0.000(0.00%)		Mkt cap ! $19.12M

Open	High	Low	Value	Volume
3.5¢	3.5¢	3.4¢	$2.492K	72.30K

Buyers (Bids)

No.	Vol.	Price($)
1	295554	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	7000	1

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No.	Vol.	Price($)
1	295554	0.035
2	65152	0.033
2	355782	0.032
4	1155000	0.031
2	70000	0.030

Price($)	Vol.	No.
0.036	7000	1
0.037	52131	2
0.038	228571	2
0.039	86117	1
0.047	116656	2

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