You'll find that the numbers this quarter don't tell the whole story and like everything, need to be read in context and accounts reviewed/assessed over the longer term.
That is, VR1 had a large cash receipt this quarter propping the numbers, but as reported, will have a fairly large expense to pay next quarter as a result.
The question is, can the revenue continue to flow to be able to offset the creditor payment due (as well as meet other expenditure) and still report at least a neutral (or even better, a positive) cashflow position next quarter?....
Yet again, without the release of some material announcements in the coming month or so, we wait for the Q4 numbers.... thus you have a lack of love in the market for VR1.
But regardless, more money in the front door is always a good thing for any operation!
You'll find that the numbers this quarter don't tell the whole...
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Mkt cap ! $27.03M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $1.807K | 78.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 4 | 674682 | 2.3¢ |
Sellers (Offers)
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| 2.4¢ | 180983 | 4 |
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| Last trade - 15.55pm 17/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
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| Last updated 13.50pm 17/05/2024 ? | |||||
| VR1 (ASX) Chart |