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39.5¢ vortiv limited

Mainly low cash. It costs to set up new deals and if they are...

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KoiPanda

785 Posts.

54

01/06/22

22:07

Post #: 61766183
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Originally posted by friendlydwarves: ↑

What's your grounds for claiming a CR will come soon? Merely that current cash balance, or something more?

VOR only recently raised a shedload of cash to fund the TSI buyout. If, when raising, VOR management did not properly consider VOR's near- and medium-term operating cashflow needs, that would be a surprise. That said, perhaps the ramp-up of the CBI contract will drain more cash than VOR could reasonably have anticipated when they were planning the buyout (keeping in mind VOR's commentary about the number of ATMs encompassed by that contract). If VOR did execute a small raise to cover that off, that might be fair enough.

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Mainly low cash. It costs to set up new deals and if they are going after those additional ATM licences, I assume that having a healthy cash reserve will be preferred.

VOR Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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