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3.3¢ vrx silica limited

Ann: EPA approves ESD and sets timetable for Arrowsmith North, page-115

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SwiftySX

1,243 Posts.

307

18/03/22

14:01

Post #: 60276952
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Originally posted by carnabombers: ↑

Re cash management,

Am I reading the cash flow statements wrong?
Under heading called Securities issued
6 Mths to Dec 31 - $4.4m
12 mths to June 30 / 21 - $11.4m
12 mths to June 30 / 20 - $4.2m
12 mths to June 30 / 19 - $9.5m

That's a total of $25.5m raised over 3.5 years.

Am I wrong?

Mind you, V does have a relatively low level of shares on issue so can afford to dilute a bit. In fact, probably a fair bit to create some more "share liquidity" in the market - not too sure about it thoughv - would welcome other views as to the benefits of issuing more shares or not. After all, SP is a result of economics 101 - demand and supply.

Expand

Issuing more shares into going to increase demand but it sure as hell increases supply.
But.... you want the share price to go UP right?

I don't mean to be patronizing... Economics 101 - Price increases with an increase in demand or decrease supply (scarcity).

As a poster that is passionate about the price of shares in VRX I'm confused why you want VRX to start issuing more shares.

VRX Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.3¢		Change -0.003(8.33%)		Mkt cap ! $20.73M

Open	High	Low	Value	Volume
3.5¢	3.5¢	3.2¢	$58.90K	1.736M

Buyers (Bids)

No.	Vol.	Price($)
6	224391	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	76412	1

View Market Depth

No.	Vol.	Price($)
6	224391	0.032
3	126709	0.030
1	100000	0.029
1	300000	0.026
2	40000	0.025

Price($)	Vol.	No.
0.036	76412	1
0.037	128317	1
0.038	14000	1
0.039	186660	1
0.040	31200	1

Last trade - 15.45pm 30/07/2024 (20 minute delay)

VRX (ASX) Chart

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