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Ann: Voluntary Suspension, page-87

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Mutley8

2,339 Posts.

721

05/02/19

19:30

Post #: 37340286
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Originally posted by cfp: ↑

Hi Mutley, this is my take on the great news, based on last quarters figures we only have $62,000 left and have a requirement of $1,640,000 to operate successfully, so a CR was always going to happen sooner rather than later and it is the first one in 12 months, this is great news for VEC, it means that we are cashed up and ready to go, office costs paid, other gold plays are funded with the flexibility to move forward immediately, as other posters have pointed out a CR was inevitable and could have happened anytime in the next 3 months, this way it is out of the way done and dusted and a further CR should not be needed anytime soon, much better than having the possibility of a CR hanging over our heads which could slow down the SP

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Yep makes perfect sense, smart play once again

Won’t stop the trolls and down rampers turning up for a few days though, they’ll get over it and move on as usual lol

VEC Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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