It'll be interesting to see how much cash the company has left. The quarterly for the September quarter should come out any day now (due by next Tuesday?).
According to the June quarterly, the company had $2.9 million in cash at the end of June, and by their own estimation expected to spend $2.35 million in the September quarter, i.e. estimated that they had around one quarter of 'runway' left then.
IMO, while the company probably doesn't spend a lot now that the DFS is finished, a small cap raise would be prudent and is likely - unless project funding is all but teed up and absolutely imminent. If not, better to have some cash to have time to sort out the best deal.
Just my five cents worth, happy to be wrong. Either way, I have confidence in the people running this company, they have delivered so far.
- Forums
- ASX - By Stock
- Ann: DFS delivers A$1.9BN NPV confirming World Class Project
It'll be interesting to see how much cash the company has left....
-
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VR8 (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.38M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11000 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 62333 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11000 | 0.047 |
1 | 150000 | 0.045 |
1 | 137435 | 0.044 |
1 | 25000 | 0.040 |
1 | 55000 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 8721 | 1 |
0.055 | 2862 | 1 |
0.057 | 250527 | 1 |
0.060 | 12705 | 1 |
0.061 | 16666 | 1 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
VR8 (ASX) Chart |
Day chart unavailable