VSL 4.18% $7.72 vulcan steel limited

not a good look

  1. 252 Posts.
    Not everyone owning VSL suscribed to its DRP, but VSL has issued an 1.8M shares to cover the shortfall anyway.

    The last company I remember doing this was ION.

    No company on sound financial ground should need to to this. Have VSL got some cashflow problems? A look at the HY report showed operating cashflow wilted from 5.9M to 1.6M. I suspect it's getting worse.
 
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