VRX 0.00% 4.2¢ vrx silica limited

Ann: VRX Launches $3.1m Renounceable Entitlement Offer, page-55

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  1. 890 Posts.
    lightbulb Created with Sketch. 170
    A few points from me on the CR
    1. I have lost faith in this board. Two CRs so close, no signs of cutting costs, trip last week in Singapore, absolutely shocking timeline predictions/ promises. Pursuing the VDT method when it appears to have created further trials/ delays/ costs
    2. They should sack the comms team. Who in their right mind would use the term "rattling the tin" to communicate a CR. It's almost like they think this is joke!
    3. Why arent the board buying to provide confidence at these prices?
    4. Why do we have such a large management team so early in the project? We have a marketing manager who has been on the books for years and hasn't sold a grain of sand as we have no approval to mine. We have 3 other managers in the executive team.... for what purpose at this stage with so little funds.

    I get it that government is hard to deal with.... but this performance is pretty poor. I think it's time to vote at the next AGM.
    Last edited by Mininggold82: 10/04/24
 
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