VRE 0.00% 2.0¢ view resources ltd

grahod ! VRE were cash negative.They had around 6.5m left on a...

  1. 814 Posts.
    grahod ! VRE were cash negative.They had around 6.5m left on a overdraft and a sale that had to happen to get them back in the black.

    Even with the receipts from the gold sales they were loosing 3m a month and that information was fully disclosed in the quarterly.

    The problem was that a lot of investors just read what day wanted to read and that was all the positive stuff.

    I was going to buy into VRE until I read the qty and couldn't believe my eyes when I saw the cash flow situation.

    I was going to post a the cash flow situation,but figured everyone new and had taken it in there stride.

    But Ill be posting all negative cash flow situations in the future,If I come across any that is.
 
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