Today I had the great pleasure of speaking with Hamish and just want to share the sentinments picked up from this conversation , before this chat I had seriously questioned my investment in VMS which is showing significant losses as would be the majority of share holders. I must say he was very up beat about our prospects in South East Asia and explained that the cash burn was down to 1/3 of what is was previously was. Apparently our copper resource in S/E Asia contains gold also and we are waiting for the rights to the gold this will take around 2mths ,He assured that cash position is currently greater than 3mil and that they would not be issuing shares at this level .
Just thought to share DYOR
Copper S/E Asia
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Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $45.33M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.3¢ | 2.0¢ | $198.2K | 9.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 921416 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 2704732 | 10 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| VMS (ASX) Chart |