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Versarien – reduced losses and cash burn but net debt is the elephant in the room

By Tom Winnifrith, the Sheriff of AIM | Thursday 6 June 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


There were some positives in the Versarien (VRS) interims this morning which were welcomed by the LSE Bulletin Board Morons who have pushed the shares up in response to the news. The loss before tax in the six months to March 31 reduced from £3.4 million to £1.64 million and the cash burn was down from £1.974 million to a mere £790,000. However…
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