It doesn't really contradict what they have said. The issue with companies like this is that they suffer large working capital (cash) drains as their sales/production grows. VMT is not at that inflection point where cash flows are able to fully cover working capital requirement for further sales/production growth. This is why previous comments for the company paying a dividend was nonsense as it is still requires capital to support its expansion plans. As such it shouldn't be much of a surprise that they have come back to market, its just going to leave a bad taste being so close to completing the consolidation. Hopefully its a rights issue or an SPP as I'll put my hand up for some more.
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It doesn't really contradict what they have said. The issue with...
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.18M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 49672 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 16717 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 49672 | 0.115 |
4 | 120772 | 0.110 |
2 | 203257 | 0.105 |
3 | 26500 | 0.100 |
1 | 15000 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 16717 | 2 |
0.130 | 524598 | 3 |
0.135 | 123652 | 3 |
0.140 | 767639 | 5 |
0.145 | 112210 | 3 |
Last trade - 16.12pm 05/09/2024 (20 minute delay) ? |
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VMT (ASX) Chart |
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