VML 20.0% 0.2¢ vital metals limited

Why do you think they will have to cap raise? They had $28...

  1. 88 Posts.
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    Why do you think they will have to cap raise? They had $28 million dollars at the end of last quarter. They burned 10 million leading up to production two quarters ago, and 6 million in the last quarter. Averaging $8 million/quarter would still leave 3.5 quarters left,. I thought they would be selling some product before that timeline and lots of the big expenses were already covered?
 
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