According to the investor presentation, they had $3 million on 30 May (burnt $1.28 million in two months with one producing well).
They needed to maintain a minimum $1.5 million as part of the loan deal. So, looks like they are considering the possibility of further delays to Vali 2 and Vali 3. Otherwise, $1.5 million should have been enough for a couple of monthsWhy raise at 20% discount (while the share price is low) if V2 and V3 are going to be online in a month.
According to the investor presentation, they had $3 million on...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.347M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $1.062K | 265.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 896324 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11541736 | 20 |
View Market Depth
| Last trade - 11.36am 26/06/2025 (20 minute delay) ? |
| VEN (ASX) Chart |