The prospects of the company look dire which hasnt changed a lot since ~2013/14.
While mgmt are undoubtedly trying its a very dire situation when you look at the balance sheet.
At the end of the day mgmt need to solve the obvious problem which is to raise the desired capital to achieve IRR% as defined in the business case. This needs to be done without dilution but be earning per share accretive.
It just doesn't stack up.
VAN Price at posting:
5.9¢ Sentiment: Sell Disclosure: Not Held
