VMY 2.08% 11.8¢ vimy resources limited

Ann: Change in substantial holding, page-5

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 40 Posts.
    lightbulb Created with Sketch. 1
    According to the quarterly cash flow report for June they will have $2million in cash at the end of September plus they expect to receive in the September quarter the Research and Development tax incentive grant which last year was $2.3million. So cash at the end of September should be approximately $4.4 million.
    Consequently according to my calculations no cash raising required until November.
    I would expect that by November with all that is happening in the Uranium sector the share price will be well North of 10 cents.
 
watchlist Created with Sketch. Add VMY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.