They have cash adequate for 3 quarters further development. I do not think they will need a CR.
I would think they develop the gold project to some stage and then some offtake agreement to get funding for the Tungsten project. And then you will skyrocket share price.
Macquarie Bank would be very much happy to convert their option to shares and debt clear with VML has so much potential. If anyone wants to buy VML for $1.4M, I would think they can buy on market at 1.6c.
GLTH
Ann: High Grade Gold Results at Bella Tondi, Visible Gold Panned, page-56
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $23.58M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $2.594K | 582.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 23296971 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7302052 | 31 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
0.4¢ |
Change
-0.001 ( 20.0 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.4¢ | 207183 | ||
| Last updated 14.55pm 02/05/2024 ? | |||||
| VML (ASX) Chart |