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3.70%

2.6¢ venture minerals limited

12 months ago March Quarterly $12.075 million,Now $1.476...

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mardo

225 Posts.

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30/04/23

10:43

Post #: 67529346
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Originally posted by crusader35: ↑

Exactly- Reason for CR goes against quarterly reasons re. future cash flows & business continuance.
"the companywill reduce its exploration and studies costs over the next quarter".

Q. So why purchase new tenements recently in WA at a time when funds are reducing,no foreseeable income and expose the company/ SH to more risk? Whats the matter with focusing on what they have to a commercial stage and farm out to a capable partner if BOD don't want to develop. Are we just building the pipeline to continue the life style company.
Narrative/ strategy very wishy washy now after so many years. Hard to take at face value . Share price would suggest confidence is going to make any future funding challenging for the company with existing SH being further diluted.
Detail of drivers and timings is very thin in all communications- So how did they come up with the CR amount and what happens after that is spent? Please explain but not counting on it. GLTA. now waiting on sell out window.

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12 months ago March Quarterly $12.075 million,Now $1.476 million.Wheres all our cash gone?
Says it all.

VMS Price at posting: 1.9¢ Sentiment: None Disclosure: Not Held
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Last 2.6¢		Change -0.001(3.70%)		Mkt cap ! $61.2M

Open	High	Low	Value	Volume
2.8¢	2.8¢	2.6¢	$38.29K	1.424M

Buyers (Bids)

No.	Vol.	Price($)
11	1680879	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	345030	1

View Market Depth

No.	Vol.	Price($)
14	1950109	0.026
16	2408174	0.025
6	1861645	0.024
6	1725086	0.023
11	1699650	0.022

Price($)	Vol.	No.
0.027	345030	1
0.028	1476513	10
0.029	1539459	13
0.030	4664743	29
0.031	1906158	6

Last trade - 13.43pm 19/06/2024 (20 minute delay)

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