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Ann: Grant of CEO Performance Rights and Appendix 3B, page-19

  1. DreamCatcher
    6,416 Posts.
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    24/10/18
    18:26
    Post #: 36246919
    "I am not anticipating a cap raising any time soon."

    Are you serious??

    From the last quarterly;

    Cash On Hand.PNG

    Cash Outflows.PNG

    So a $460,000 cash burn each month.

    Assuming the 5B is accurate, as of September 30th 2018, there was only $811,000 left in the bank.

    So by the end of October, there will very likely be only $350,000 left in the bank.

    If the bond isn't finalised this month i.e. October, a Cap raising is definitely on the cards....
    VRC Price at posting: 1.8¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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