And this is quarterly report until June 30th
So a further cash injection will arrive from the exercise of the VRXO
(The actual number exercised and funds received should be finalised during next week.)
Bottom line:
VRX is extremely well funded going forward to actual mining.
As I’ve previously mentioned.
Given the very conservative Bank Feasibility Studies, with indicated payback times,
they will be able to borrow any additional funds needed for plant and equipment.
Bruce M. has always been very careful with shareholders money,
and not diluting the share capital.
So there is a high probability no more shares will be issued
between now and when production commences.
Caveat emptor
bendigo
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