VML 0.00% 0.4¢ vital metals limited

"As a result, the Company is pausing all construction-related...

  1. 86 Posts.
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    "As a result, the Company is pausing all construction-related activities at the Saskatoon processing facility, to allow the Company to focus on conserving cash and to seek alternative funding sources and partnering with third parties to potentially build a sustainable business model for the Saskatoon business. The Company expects the strategic review of the Saskatoon Project to be completed in three-months".

    The April announcement seem to suggest that the construction was being paused, not ceased completely while other funding sources were reviewed.
    One can only hope that the last 3 months has meant that they have found that other funding source.
    My interpretation of the previous announcement was that they were trying to not burn through cash on a facility that wasn't immediately required any more.

    But if someone else was willing to put up the money, say a government...... Get the builders back in I say.

    This next announcement should be positive news or alternatively, it's going to tell us everything we need to know about management
 
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