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Ann: Trading Halt, page-131

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primrose

213 Posts.

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07/07/17

07:53

Post #: 25718067
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Originally posted by Winston Wolf ↑

Goodoil

I've sat back for sometime and made no comment but IMO you re way off the mark.

WKT was sold down because of Tanzania, plain and simple. Not because it riased "money at a price". The fact that they have raised money prior to this event is an absolute gid send for their shareholders.

Unfortunately VRC can not say the same. I have gone on for 6 months about how this company had to be prudent and raise funds before they ran it too close to the bone and you and others have continually said it wasnt necessary.

Well atm IMO by the companies forecast there would be little or no money in the coffers depending on the amount of outstanding accounts that have accumulated and now this.

Raising capital is all about having pricing power in negotiation. The economics of the project IMO already have come in to question for the reasons i have posted before, the lack of commodity procong clarity and the fact the sectoe is on the nose.

Now factor in soverign risk. Even when Swan tried this in Australia it killed the sector. Risk capital IMO will avoid.

The only funding coming IMO now will be "death spiral" funding via a convertible note which I have called for sometime.

You are always saying how often you speak to SH well IMO he and the board should never have let the company get into a situation this precarious.

And no I'm not whining from the basement...

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How about you show some compassion too Winnie and leave this stock alone for the moment

VRC Price at posting: 3.3¢ Sentiment: None Disclosure: Held
4 Upvote

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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $16.63M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$1K	250K

Buyers (Bids)

No.	Vol.	Price($)
39	38582881	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	5589474	2

View Market Depth

No.	Vol.	Price($)
39	38582881	0.003
16	21051715	0.002
9	17667001	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	5589474	2
0.005	23888448	20
0.006	9198502	16
0.007	11063001	6
0.008	4989155	7

Last trade - 14.09pm 27/09/2024 (20 minute delay)

VRC (ASX) Chart

Ann: Trading Halt, page-131

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Ann: Trading Halt, page-131

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