Australia's largest stock trading and investment forum Australia's #1 stock forum

VRC

Click for more information

11.1%

0.4¢ volt resources limited

By the way @thegoodoil21, well done on that convertible note, no...

First 150 Last

Share
Profile

Follow
Hulahoop

223 Posts.

03/09/17

19:45

Post #: 26963511
Share

Originally posted by Hulahoop ↑

I agree, it's sounds logical. The issue is they said the same thing 5 weeks ago when they raised debt of $1 million. At that time they said;

"From Volt’s perspective, it is important to reinforce that this funding solution is an interim measure only to provide sufficient working capital through to the end of 2017. Management will continue to allocate resources prudently and ensure costs are properly aligned with achieving our core objectives."

5 weeks later they are raising money again. So either management is having a problem managing their cash flow or they made a statement that wasn't truly representative of the company's financial position. Either way it's a problem.

And the great king poster @thegoodoil21 also stated that they could have raised more money but didn't need to. Good to see he is still schooling hulahooping flogs like me on math and economics.

Expand

By the way @thegoodoil21, well done on that convertible note, no security, only 10% coupon and then walk straight into a capital raising 5 weeks later. Keep educating us from that sub basement.

VRC Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
5 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

There are more pages in this discussion • 36 more messages in this thread...

First 150 Last

Add VRC (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change -0.001(11.1%)		Mkt cap ! $16.63M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$6.159K	1.539M

Buyers (Bids)

No.	Vol.	Price($)
51	35045771	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	7894597	7

View Market Depth

No.	Vol.	Price($)
51	35045771	0.004
11	10287715	0.003
10	16041525	0.002
6	13667000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	7894597	7
0.006	24981123	35
0.007	7692551	8
0.008	5295275	10
0.009	5671149	8

Last trade - 12.23pm 27/06/2024 (20 minute delay)

VRC (ASX) Chart