Well said Tassy. There is change coming and I don't think it's far off. Prashant has the qualities and qualifications to move Volt forward. Asimwe, has more skin in the game than anyone, and should be rolling up the sleeves and getting involved in course correcting.
I'm in contact with a few T20 holders and we all want to see the same thing - Volt to deliver results for ALL shareholders, and to do so managing funds prudently. Concerns have been communicated to Asimwe + Prashant and I believe there will be action to address issues, and return value + belief back to shareholders.
I had given TM the benefit of the doubt, as timelines often slip and deals take longer than planned. But after now seeing 2 consecutive Quarterlies bungled, where one had $12k left in the bank, and the other had a spend of $3.4m in 2 months, as well as multiple expectations set but not met, and a poorly executed capital raise, time is up. Shareholder value has been eroded by underperformance, poor cash management, and inadequate market communication.
Also in Volt's corner is Peak with their director a Top 10 holder and strong supporter of the company with access to institutional and sophisticated investors who would be looking for the same thing before they decide to invest - that is outcomes and good management.
Volt has the assets, but has lacked the execution and follow through. With a change structure/team, a different set of outcomes will come.
Looking at the chart, when this 1.2-1.3c support level has been reached, historically it has been followed by a strong bounce.
GLTAH
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Well said Tassy. There is change coming and I don't think it's...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRC (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $20.79M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $5.49K | 1.181M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 30298271 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5169200 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
49 | 30298271 | 0.004 |
12 | 14621049 | 0.003 |
10 | 16041525 | 0.002 |
8 | 17167000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5169200 | 6 |
0.006 | 22279805 | 32 |
0.007 | 7692551 | 8 |
0.008 | 5295275 | 10 |
0.009 | 5671149 | 8 |
Last trade - 15.13pm 28/06/2024 (20 minute delay) ? |
Featured News
VRC (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online