The company is going to need funding. A possible solution:-
1. A consortium of HC members + others form a trust. Say 200 identities.
2. Each identity contributes $50K to the trust.
3. 200 x $50K = $10M
4. Trust takes security over all company assets + gets personal guarantees from all directors
5. Trust provides interest only loan, $10m for 5 years at 11.5% p.a. Interest paid monthly in arrears.
6. VRX refinances loan or pays out loan at end of 5 years
7. VRX offers trust members performance options at a favourable incentive price. (feedback required on this)
8. Few other loose ends to tie up but the outcome would certainly get VRX off and running, infrastructure built, staff hired & mining equipment purchased / leased.
Any thoughts? or am I dreaming? (Please be civil)
- Forums
- ASX - By Stock
- Ann: Muchea Mining Lease Application
The company is going to need funding. A possible solution:-1. A...
- There are more pages in this discussion • 14 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 VRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $32.08M |
Open | High | Low | Value | Volume |
5.5¢ | 5.7¢ | 5.5¢ | $11.77K | 213.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 26727 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 198258 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 26727 | 0.055 |
3 | 194665 | 0.054 |
3 | 240000 | 0.053 |
1 | 30000 | 0.052 |
1 | 19607 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 198258 | 1 |
0.058 | 116797 | 1 |
0.059 | 21350 | 1 |
0.060 | 176121 | 5 |
0.063 | 18000 | 1 |
Last trade - 15.11pm 24/05/2024 (20 minute delay) ? |
|
|||||
Last
5.4¢ |
  |
Change
-0.001 ( 3.57 %) |
|||
Open | High | Low | Volume | ||
5.4¢ | 5.4¢ | 5.4¢ | 50000 | ||
Last updated 10.21am 24/05/2024 ? |
Featured News
VRX (ASX) Chart |