Cap raising will continue for a while to come..
The company's costs are high and they have no other way of keeping the business going for now as the power boxes are obviously not generating revenue as they are not yet up and running..
4 boxes need to be installed before they feel they should be cash flow positive but this will take months..
Having said that, not long to wait for those who have been holding for years..
They need to announcement further deals with EDL or POS otherwise the share price is going to cop a flogging IMO.
I'm a believer in this company but for a company that is so close to getting its feet off the ground its not getting much traction form brokers/investors which is a bit frustrating..
Will be interesting to see how the market reacts to an announcement on Carnarvon commissioning in late March..
Lets just hope the instillation is not delayed any further..
Cap raising will continue for a while to come..The company's...
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.43M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $25 | 12.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 24792104 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 66633000 | 41 |
View Market Depth
| Last trade - 10.09am 26/07/2024 (20 minute delay) ? |
| VPR (ASX) Chart |