VRX
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12.8% 3.4¢ vrx silica limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6

  1. Jukebox45
    1,816 Posts.
    lightbulb Created with Sketch. 906
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    28/04/23
    09:21
    Post #: 67495939
    2.5 quarters liquidity.

    You don't CR with 1Q cash left.

    Winter is coming.

    My read is there was an expectation Rev D was gonna get green lit, and then they'd try and get customer finance. That avenue has closed.

    So to stay liquid, it's either Strategic Investor Round II, SPP, or CR.

    This also explains why the Cinnabon SEAsia roadshow has ramped up - he's wanted to get some awareness before he take us back to market with cap in hand IMHO.
    VRX Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 13  Upvote
    lightbulb Created with Sketch. 4  Great analysis
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