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

VRC

Click for more information

12.5%

0.4¢ volt resources limited

Amazing....so you were able to work all that before the...

First 86 Last

Share
Profile

Follow
Hoof Harted

195 Posts.

16/01/17

21:42

Post #: 21932738
Share

Originally posted by DrWolowitz ↑

That's a very broad summary of both positions.

However IMO, start with the quarterly cash position as at 30/09/2016 then add in receipts from option exercise less estimated outgoings to get to 31/12/2016. Volt will report the cash on hand for 31/12/2016 at the end of January, however we can guestimate this number now.

I'm going to assume cash is circa $3.5m as at 31/12/2016 and so with a similar budget of approx $2m the cash position would be circa $1.5m as at the end of March.

We are yet to see the budget for the BFS however if the company intends to fast track this program as they have stated then IMO there will be additional expenditure to record in the March quarter.

On that basis it would be reasonable to estimate a capital raising in March or April. All IMO of course.

Expand

Amazing....so you were able to work all that before the quarterly cashflow?.... amazing....you must have the brains of 3 heads on one person...

VRC Price at posting: 5.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BUX

Buxton projects new graphite province discovery at WA Narryer play

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

This thread is closed.

You may not reply to this discussion at this time.

There are more pages in this discussion • 35 more messages in this thread...

First 86 Last

Add VRC (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change -0.001(12.5%)		Mkt cap ! $14.55M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$2.184K	552.6K

Buyers (Bids)

No.	Vol.	Price($)
40	75918292	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	5186600	6

View Market Depth

No.	Vol.	Price($)
40	75918292	0.003
16	23416715	0.002
8	18150001	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	5186600	6
0.005	16815298	15
0.006	8880468	15
0.007	11063001	6
0.008	4864155	6

Last trade - 13.31pm 04/10/2024 (20 minute delay)

VRC (ASX) Chart