VMS 11.1% 2.4¢ venture minerals limited

The chair & MD have been there since beginning.Mt Lindsay has...

  1. 159 Posts.
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    The chair & MD have been there since beginning.Mt Lindsay has been on radar also since early days and numerous dead end projects pursued without success.
    Accumulated losses $116m @ Dec’22
    Cash @ ‘Dec 22 $3.8m
    No sustainable cashflow in near future and cash burn is continuing. We can see the leopard won’t change its spots so why do the major
    shareholders persist with this stewardship. I hope for JV partner CHN to make ripper announcement to recover losses now. If there was a change in BOD I do believe SH would support them .
 
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