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/
Mining preparation just kicked in!!!, page-20
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