VRC

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0.4¢ volt resources limited

Ann: Quarterly Activities and Cashflow Report, page-60

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bbrock56

214 Posts.

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02/05/17

16:51

Post #: 24417126
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Originally posted by bruce13 ↑

Wow there are some funny comments being posted.

Of course the company is in a bad way financially. Yet the faithful are still stating that the company must have plans up their "sleeves". They've probably been trying for months to get some financial assistance and no one will back them!

And there are those who suggest phoning the company for more information. So funny. What the hell do they think the company is going to say? "Sorry about the delay in answering the phone, I couldn't find it as someone packed it while I was cleaning out my office! ... Oh you're a stock holder, hmm, no need to panic ... the company is in an excellent position, ... finance is coming soon from some unknown middle eastern source .... trust me!"

I've been there before. Been in supposedly great spec stocks, who have had the best of directors, who have told investors to hang in there and that all is going well, right up to the point when they went bankrupt and were removed from the ASX! But don't bag VRC because the faithful can't stand anyone daring to criticise the company!

VRC may well survive this and I jolly well hope that they do! But this stress, concern and lack of knowledge, is something none of us wants! Putting faith in the directors who have let the company get down to 1 month of funds left, still to fund the BFS, still with no meaningful BOAs, still to find the funds for a huge mine and still not sure if any of the battery companies are going to want their graphite ... is risk taking to the extreme!

Those whose average buy in price is in the range of 7c to 15c may well be having sleepless nights!

"But hang in there, the directors must know what they are doing!" It's just that we have no bloody idea what the company is doing and if it is going to survive!

GLTA .... we certainly need some luck, if not a miracle!

Expand

Fingers crossed for all holders in this! Can anyone share what management has planned inregards to the cash issue?

@Maz540 you still in this one? thoughts on an upcoming CR?

GLH

VRC Price at posting: 3.1¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $16.63M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$1.609K	402.1K

Buyers (Bids)

No.	Vol.	Price($)
2	191449	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	17437040	24

View Market Depth

No.	Vol.	Price($)
2	191449	0.004
34	29692432	0.003
11	12380371	0.002
7	18650001	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	16987040	22
0.006	6693309	10
0.007	5360001	3
0.008	1764144	4
0.009	744144	4

Last trade - 11.25am 08/11/2024 (20 minute delay)

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