VMY 2.08% 11.8¢ vimy resources limited

Ann: Change in substantial holding, page-7

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  1. 40 Posts.
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    The cash won't be totally depleted by November. The cash burn rate for the September quarter is high due to drilling at Alligator River $1.7 million and $1.5 million for acquisition of the Cameco tenements. If you take those two items out the total cash outflow for the September quarter would have only been only $1.4 million.
    Consequently if Vimy were to go into cash preservation mode they could easily extend any requirement to raise cash until February or March next year.
    In relation to their capex requirements they are fully detailed in recent presentations.
 
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