Yet again Sunsetspin more excuses offered up for the "crack management team".
Of course they need capital. Decided to do a bit of light reading over the annual accounts. I thought the minimum spend requirements to keep the assets in good standing were of particular interest :
Note 16
$723,836 this year and
between years 1 and 5 $7,238,856.
Again this is minimum exploration spend that is required to keep the assets. Not working capital or money spent by the parent company on the ASX.
That's beofre you pay $1.1 million back to the debt holders in order to get security back.
Then there is the issue of directors remuneration and lunch money because everyone has got to eat. And when you've got $8k a week coming in the door then its surely just steak and lobster and I'm not talking "surf and turf" down at the local with one prawn on top.
- Forums
- ASX - By Stock
- VRC
- Ann: Trading Halt
Ann: Trading Halt, page-108
-
-
- There are more pages in this discussion • 78 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 VRC (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.63M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1775827 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 23613946 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1775827 | 0.004 |
37 | 65707941 | 0.003 |
15 | 20666714 | 0.002 |
8 | 18150001 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 23613946 | 26 |
0.006 | 8214897 | 15 |
0.007 | 10780001 | 5 |
0.008 | 4764155 | 5 |
0.009 | 1744144 | 5 |
Last trade - 16.12pm 18/10/2024 (20 minute delay) ? |
Featured News
VRC (ASX) Chart |
Day chart unavailable