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2.0¢ venture minerals limited

This was the play to bank roll everything else, it was crucial....

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terryturbo

346 Posts.

62

09/12/21

13:43

Post #: 58189176
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Originally posted by amiafish: ↑

"The biggest cost though was the constant delays in getting the product to market"

I've heard a lot of people say this. But is it true?

I mean, if all things being equal (high shipping costs, punishing discount rate, unhelpful AUD) stay the same, and we get to market 7 or 8 weeks earlier than we did, would we be rolling in profits right now with a SP in the 20s?

Keeping in mind, we still would have had to stop the mining when we did (or perhaps even earlier, since we probably only carried through with first shipment to fulfil contractual commitments).

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This was the play to bank roll everything else, it was crucial. What happened to the hedging aswell, was plenty of time to sort that out.. pretty sure FEX were able to.
In essence, all the money spent on Riley has now gone to waste.

VMS Price at posting: 4.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $45.33M

Open	High	Low	Value	Volume
2.1¢	2.1¢	2.0¢	$32.07K	1.592M

Buyers (Bids)

No.	Vol.	Price($)
3	187236	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	1086244	9

View Market Depth

No.	Vol.	Price($)
3	187236	0.020
15	3095846	0.019
13	2418055	0.018
4	1079500	0.017
4	1312500	0.016

Price($)	Vol.	No.
0.021	1086244	9
0.022	2336988	12
0.023	1824379	5
0.024	280000	1
0.025	3177468	9

Last trade - 13.36pm 03/05/2024 (20 minute delay)


Last 2.0¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
2.0¢	2.1¢		2.0¢	1205222
Last updated 13.19pm 03/05/2024 ?

VMS (ASX) Chart