Came across interesting article below (from a month ago):
"Venture Minerals last reported its balance sheet in December 2019, it had zero debt and cash worth AU$2.0m. Importantly, its cash burn was AU$4.0m over the trailing twelve months.
Therefore, from December 2019 it had roughly 6 months of cash runway. That’s a very
short cash runway which indicates an imminent need to douse the cash burn or find more funding".
Potential capital raising coming soon? Anyone know?
https://**.st/stocks/au/materials/asx-vms/venture-minerals-shares/news/heres-why-venture-minerals-asxvms-must-use-its-cash-wisely/amp/
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $48.39M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.8¢ | $58.04K | 3.171M |
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| No. | Vol. | Price($) |
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| 14 | 4501934 | 1.8¢ |
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|---|---|---|
| 1.9¢ | 678899 | 6 |
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