From the 4C quarterly cashflow report for the June quarter
Total available funding (cash and cash equivalents as at 30 June 2021 $9.48m
The number of quarters’ cash available as at 30 June2021 2.85 quarters
Unused finance facilities available at quarter end Nil
From the announcement on Friday 18thSeptember Shipment of45,632 tonnes of iron ore
Venture will receive approximately A$5.1m (AUD:USD $0.735) in the next fortnight
under its offtake agreement.
Less: Shippingcosts “shipping rates tripling from US$18 per tonnesince the Feasibility Study to around US$54 per tone”.
$US54/tonne X45,632 tonnes= $US2,64,128 = A$3,352,555 (AUD:USD $0.735)
Less: Mining and transport costs ???????????
They likely would have lost $ on the first shipment.
They don’t have any further income.
They are retaining up to 100 staff at Riley. Even if some of these are contractors and not employees how do you “retain” contractors without paying the contractor a retainer.
They are spending more $$ on optimization studies in the hope of lifting IO grade.
We are almost through the September quarter.
Based on the June quarter VMS would probably now have enough cash for 1.85 quarters except it has likely lost money on the first iron ore shipment.
It’s very much a question of when will they run out of cash and how will they raise further cash.
- Forums
- ASX - By Stock
- VMS
- Ann: Riley Mine - Update Following Completion of First Shipment
Ann: Riley Mine - Update Following Completion of First Shipment, page-389
-
- There are more pages in this discussion • 101 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 VMS (ASX) to my watchlist
|
|||||
Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.90M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.8¢ | $111.0K | 6.162M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 7999876 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 1680469 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
35 | 7899876 | 0.018 |
28 | 9961241 | 0.017 |
9 | 2287500 | 0.016 |
7 | 1792699 | 0.015 |
2 | 700000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 1680469 | 4 |
0.020 | 2047389 | 4 |
0.021 | 609000 | 4 |
0.022 | 1874620 | 6 |
0.023 | 2157668 | 8 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
VMS (ASX) Chart |