VRC 10.0% 0.5¢ volt resources limited

Stage 1 has no PFS and if VRC can't make money producing 20ktpa...

  1. 223 Posts.
    Stage 1 has no PFS and if VRC can't make money producing 20ktpa then it's game over. If you still want to hang your straw hat on a 170ktpa fantasy go ahead.

    The company stated that a stage 1 PFS would be completed using existing data, in other words no additional drilling. It's simply a desktop study and the new strategy was announced in May. So why haven't they released the updated PFS?

    In respect to funds, read the annual report. Specifically you should review the contingent liabilities associated with keeping the project in good standing and we already know about the $1.1 million debt and the payables of nearly $700k. Again, if you want to operate in a fantasy and pretend the company isn't broke then be my guest. And you're still talking about option conversion? No one is going to pay 2 cents to exercise options when the shares are 1.7 cents. Wake up, seriously.

    Share price, it's all that matters. You've lost nearly 90% of your capital from the highs and 70% from the start of the year.
 
watchlist Created with Sketch. Add VRC (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
-0.001(10.0%)
Mkt cap ! $18.71M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $6.068K 1.215M

Buyers (Bids)

No. Vol. Price($)
45 30530873 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 2764984 5
View Market Depth
Last trade - 15.15pm 05/07/2024 (20 minute delay) ?
VRC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.