General Chat / Discussion, page-10078

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Golf36

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18/08/24

16:34

Post #: 75257807
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Originally posted by Koproskilo: ↑

There is no doubt we are in a precarious financial position.

Running 3 offices and projects on 3 continents cannot be cheap.

Very strict fiscal management goes without saying, of which the team have previously mentioned and I do not doubt they are exercising.
Our cashburn had to come down.

Capex and study costs, should have come down significantly.

As for our equity in VMM, it saw a nice little bounce, up nearly 16% over the last 3 trading days.
So maybe a partial divestment of these shares.

But, CR???
Well, I reckon it would be tough going to even get a fundie to agree at the moment, so it may not even be an option.
And I am sure the BOD is aware of the catastrophic, dilutive deal they would have to sign, to make it happen....if possible.

I know some of you expect it, but I reckon its a long shot...... for now.

Of course anything can happen, but i really hope I am right...

Some positive vibes out of Belfast, so I am hanging on tight to see where the next few months take us.

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I'm not expecting a CR , I believe they would sell VMM first if necessary like they stated in the Quarterly Report. If we start seeing fluff announcements then watch out, let's see hopefully by next week we know something

IXR Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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