VXR 2.41% 42.5¢ venturex resources limited

CUB well done and good luck to you. I think everyone should make...

  1. tcf
    5,466 Posts.
    lightbulb Created with Sketch. 37
    CUB well done and good luck to you. I think everyone should make money on their share purchases.

    Long termers such as myself have been creamed by this management. Expensive DFS’s, On again off again projects and directors keeping their jobs and receiving performance rewards for woefully poor management and butchered market values is frustrating.

    Long termers have always known the potential of the company. We don’t need to be told. The company has been saying it for years while the sp spiralled down. Most newbies came for gold. They didn’t get gold but have been preaching to the converted as if they are the ones making board decisions. They guess and we are all still guessing what lays ahead for this on again off again “deceiver”.

    They last raised substantial funds at 1.8 cents (27 cents). They’ve burnt that cash. The “loan” from NST was for completion of the DFS. So why did they burn the DFS money raised at the last CR? Why wasn’t funds set aside to complete the DFR?

    The NST money can’t be repaid without another CR. NST almost certainly will get stock for their loan funds.

    I hope SS will be funded and go ahead. VXR owes many of us a lot of money and loyalty. But until it happens the Board will remain “the Gay Deceivers”.
 
watchlist Created with Sketch. Add VXR (ASX) to my watchlist

Currently unlisted public company.

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