Hi Bomber
I genuinely believe based on a long history
that VRX cash burn would be very low for the time being.
They would not be paying for big ticket items right now.
And will not be doing so until they have the go ahead to mine.
Bruce is a very careful, frugal CEO.
We can all be confident he is not spending OUR money unnecessarily.
And as I’ve stated many times before.
When approval is finally granted
the share price should be significantly higher than it is now.
So any capital raising required then
can be made by issuing fewer shares at a much higher price.
Fewer shares issued does not dilute the shareholder base significantly.
Thus preserving OUR shareholder value
and our earnings/share when production commences.
All IMO
bendigo
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