Ann: Premium Strategic Placement and Offtake MOU, page-21

I'm not convinced that the lacklustre performance of VR8's share price following the latest batch of news has much to do with the company's performance or project metrics. The same thing happened when the superb DFS was released last October. The same story seems be playing out across many Vanadium stocks - a general subdued interest by the market. Both times with VR8, Vanadium prices have been near lows, and anyway the markets in general are going through another rough patch due to the US banks. The 98% V2O5 price appears to have fallen again (today US$10.20/lb).
Anyway, I was very happy with the increase in fractional ownership announced yesterday, and the CR done at 11c. However, not so much with the choice of investment partner based in China. I would have much preferred a first strategic investor/offtaker from Europe/USA/Aus/Japan, basically anywhere but China. To give away ~10% of the company for ~$6m cash to a Chinese VC fund, not impressed. They instantly become our biggest shareholder. Surely management could have made better choices ? I think this is out of step with the goals of many western governments/funding agencies etc who are trying to support the development of critical mineral supply chains away from China. I wonder if VR8 management have now made rods for their own backs ?

All IMHO, DYOR