VAU 7.81% 34.5¢ vault minerals limited

Hi. Good discussion. Re the waterfall chart presented, does...

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    Hi. Good discussion.

    Re the waterfall chart presented, does anyone know what the Working Capital cash outflow of $40.3m is attributed to (what does this mean?)?

    How does a company like this raise $66m in a CR and make it disappear so quickly? (despite the gold sales).

    According to google
    WC = Current assets - Current liabilities

    not sure how to interpret.
    was the -$40.3m a further cost incurred in the Dec quarter (or some non-cash provision for next qr)

    …two CRs in 6 months would be mismanagement surely

    thanks
 
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34.5¢
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32.5¢ 35.0¢ 32.5¢ $12.41M 36.70M

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