Absolutely correct Diego . The company has a strategy in place should it require funds as you outlined but the cashburn will be nothing like that outlined in the previous completely innacurate post ,and that's without the many other irons in the fire that it has to generate income.
That guy has completely outed himself as ill informed and disingenuous towards this company for reasons unknown although I did note that he equated a fall in the share price on very low volume as some sort of validation of a poor announcement which as any market player in spec stocks will tell you is never initially indicative ,so perhaps he doesn't understand markets either
Ann: VRI Secures Contract with Australian Department of Defence, page-108
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Last
16.5¢ |
Change
0.010(6.45%) |
Mkt cap ! $88.71M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.0¢ | $57.50K | 374.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 9999 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| EIQ (ASX) Chart |