However when read in conjunction with the end-June quarterly report and in particular the cash left for activities (1.97 quarters end June, its now almost end September so essentially three months of funding remaining, approx. $1.5m in their bank today at their burn rate of $500k/month) it could be a tyre pump before a CR, which would be quite dilutive at 0.8c/share. I am quietly steeling for that.
Cash is king and they don't have any so it doesn't bode well for their operations in general, and the market/financiers are so finicky at the moment, the old slick presos with promises and well meaning 'ifs and thens' and don't cut the mustard much anymore. Oh that it was not so.
Alternately there would be quiet takeovers through consignment notes or the like and a reboot.
VRC Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
