Daily price prediction thread, page-8606

Sometimes I wonder about you Carna !!!!!

the balance sheet does NOT look “very sad indeed”
The exploration drilling to delineate the deposit, finding suitable water etc etc
has all been done and paid for.
The resource is now ready to mine

This outflow will not be repeated in the forthcoming quarters.

VRX currently has ~$5 MILL IN THE BANK

I REFER YOU TO THEIR QUARTERLY REPORT ..released in January

https://clients3.weblink.com.au/pdf/VRX/02621618.pdf

And when they do get all the approvals
THEN AND ONLY THEN
with a corresponding recognition by the market that the mine will go ahead
and a revaluation of the shares occurs,
it will be necessary to raise funds for plant/equipment etc

Between now and then there is no reason to expect the share price too become precariously low first”