VRX 5.00% 4.2¢ vrx silica limited

Daily price prediction thread, page-3388

  1. 6,756 Posts.
    lightbulb Created with Sketch. 2547
    I'm trying to distill the information that VRX has supplied to the market
    in recent months to anticipate what type of announcement would have
    been in Bruce's mind when he suggested that the 2-3 month period
    (i.e. 8 May- 8 Aug) was going to be an "exciting" one for shareholders.
    In other words, are there any reasonable grounds that we can expect
    some significant news from VRX in the next 4 weeks ? Such news might
    give the SP a bit of a lift, and thereby re-assure some option holders
    to convert. The main items listed in the ASX update of 25 May were
    Permitting/Grade Control/Engineering/Power/Port/Offtake/Financing.
    Probably only Permitting and Offtake are the topics of most immediate
    interest to shareholders. Its hard to imagine that progress on the
    others is going to generate much excitement. The latest updates on
    these two topics were given in the Kalkine media report of 24 June 2021
    https://kalkinemedia.com/au/sponsored/what-the-future-has-in-store-for-vrx-silicas-world-class-silica-sand-projects

    Offtake:
    "...Besides, the silica sand explorer has recently supplied bulk samples for
    furnace testing to potential offtake partners. VRX Silica intends to finalise
    its offtake agreements this year."


    Doesn't sound like VRX expect offtakes will happen anytime soon,
    just sometime between 25 June - 31 Dec 2021.

    Permitting:
    "...Recently, the Arrowsmith North project has moved to the next phase of
    the environmental approval process with the Environmental Protection
    Authority of Western Australia (EPA). The Company expects to obtain EPA
    and mining approval for the Arrowsmith North project in 2021."

    Again, doesn't sound like VRX expects this to get final approval anytime
    soon. They are saying they expect to get EPA approval "in 2021". In reality, this
    may blow out to April 2022, if you assume the timelines in the EIA procedures
    manual (page 48) are a better indication.

    In summary, I can find no clues in VRX's announcements to the market that
    suggest we are set for "exciting times" for the next 4 weeks. Delphi may
    announce an increase in % holding, but that's not exactly exciting.
    Does anyone have any further ideas based on previous hints to the market ?

    All IMHO, DYOR

 
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