I don't think they'll up the shift count yet - the limiting factor on that is the mining plan and the additional drills required to identify the highest grade per vertical meter of mining. For that there's the identified stope to fill the coffers with $5m or so as they mine that and learn more about processing hard rock, whilst simultaneously drilling out the dewatered declines.
For those with their knickers twisted.... I look back to 9 months ago and think that the vision of getting a mine back into working order for $10m was the unicorn outcome.... possible but improbable. However, no company in their right mind is going to look to raise $25m when your market cap is $10m.
Yes, some of you will feel hard done by here, but all comms here have been honest and open intentions, but never sworn promises to deliver. We're a micro-cap sized developer needing large sums of money to become a hopeful mid-tier producer in 12-24 months. Gaps in announcements, overtly missing items regarding gold concentrates or pours was the information that the rest of the market spotted - more money likely needed. And here we are.
Obviously, everyone's welcome to twist their knickers up all they want, but don't go whining to management that you've been lied to when your balls turn blue and you're getting angry. @ainsleym this bit's not referring to you btw
I maintain a strong buy, and any entry at 21c will be a bargain
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VTX
vertex minerals limited
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2.97%
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26.0¢

Ann: Trading Halt, page-32
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Last
26.0¢ |
Change
0.008(2.97%) |
Mkt cap ! $52.44M |
Open | High | Low | Value | Volume |
26.0¢ | 27.0¢ | 25.5¢ | $109.8K | 419.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30702 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30702 | 0.260 |
4 | 118100 | 0.255 |
10 | 169058 | 0.250 |
1 | 20408 | 0.245 |
5 | 124583 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 10000 | 1 |
0.280 | 9541 | 1 |
0.285 | 31850 | 2 |
0.295 | 88000 | 2 |
0.300 | 127948 | 5 |
Last trade - 15.32pm 26/06/2025 (20 minute delay) ? |
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