Australia's largest stock trading and investment forum Australia's #1 stock forum

VEC

Click for more information

0.00%

1.2¢ vector resources limited

350k - USD$ still required to pay another Advisor also isn't...

First 355 Last

Share
Profile

Follow
rastes

1,823 Posts.

28

22/03/19

12:47

Post #: 37852121
Share

Originally posted by Big Kahuna 101 ↑

Anyone notice this on page 13 of the Half Yearly:

(a) Included in other receivables above is prepaid commission of US$150,000 (A$213,305) (30 June 2018: nil) relating to the FT (Fast Telekom) General Trading LLC facility, which is repayable if the first tranche of the facility is not drawn down.

FT owe us rather then us owing them... they have done this well....

Anyway reason I was looking at the Half Yearly again is I was trying to work out roughly the current cash position of VEC following the raise:

Cash on Hand $40,000
Cash Raised $2,638,000
Total Cash $2,678,000
Less
$158,280 (Estimated Raise Fees @6%)
$325,000 (Contact Nominee Loan)
$150,000 (Temorex Partial Loan)
$150,000 (Cuart Refinance Costs)
$400,000 (Project Staff and Admin Costs - Q1 2019)
$250,000 (Other costs - Exploration Etc)* My Estimate
Current Cash Position $1,244,720 (estimated)

Definitely not funded through to completion of DFS....

Note they also had trade and other payables of $1,549,000 which are excluded as I dont know how much was repaid by the deemed issue to advisers etc.

Expand

350k - *USD$ still required to pay another *Advisor also isn't there.
Blackstone Resources.
Also
100k - *USD$ to *Advisor Nitsu Minning.
: (

VEC Price at posting: 1.1¢ Sentiment: None Disclosure: Not Held
5 Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

There are more pages in this discussion • 224 more messages in this thread...

First 355 Last

Add VEC (ASX) to my watchlist