Ann: Bunyu Development Funding Update, page-52

Gee, post some reality about VRC and you get jumped on!

Some posters need to join the real world!

"I am supremely confident that it's only a matter of time for them. It will be a big year indeed." Huh? Based on what? At the moment that is just wishful thinking based on thin air!

This is the reality for VRC whether people like it or not!

The company is only staying solvent due to a "personal loan" of $1.5m.
There is no assurance that it can raise the $40m funding.
The company does not know how it is going to raise that funding.
The company has a high cash burn rate just from administration and paying its directors.
Funds will run out again before long, so does it get another personal loan?
The market is not at all "confident" in the company, as shown by the sp.
The Tanzanian government has not been supportive of the company. 

Check what Bar Chart's recommendation is: "Strong Sell"

I discussed Volt's setback in its funding with my stock broker.
His comment is very pertinent: "There would not be one stockbroker in the whole of the Australia who would be recommending to anyone to buy VRC shares at the moment!"

Whether people like it or not, the reality is that VRC is not in a good position at the moment and buying shares in the company now is a big risk, in my opinion. We've waited for 14 months for the funding to be secured and it has come to nothing. How much longer do we have to wait for the funding to be secured, if ever?

Hopefully the company can turn its fortunes around and secure the funding, and the sooner the better!