VMS 5.56% 1.9¢ venture minerals limited

Ann: Sale of Riley Mine and Updated Tasmanian Exit Strategy, page-22

  1. 1,057 Posts.
    lightbulb Created with Sketch. 186
    I'm staggered we got $3m

    what were you expecting - that the buyer would compensate us for all of the costs of getting Riley up and running.

    doesn't happen in the real world

    $3m is great news. means that there will be no highly dilutory cash raise in near future. cash raise can come later when the sp has got much higher - after mets are in.
 
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