Ann: Positive Expandable Graphite Results, page-19

Here we go again. Warren Buffet is one of the most respected investors of the modern age and he built his wealth buying real businesses with revenue. He never, ever invested in busted up resource explorers in Africa with no cash.

Secondly, Volt is not cheap. It is expensive relative to virtually every graphite peer on the ASX and TSX. Not to mention that without a relevant PFS for a small scale operation you don't even know if the project is economic.

People following this thread need to face and discuss the significant risks attached to this company and not just rely on the cheer squad. I find it unconscionable that you are trying to solicit buying without acknowledging the issues at hand. I have lost count how many times you have voluntarily disclosed the number of shares you hold and it's clear you have a lot to lose if this continues to trade lower.

VRC only had $100k of cash at the start of the quarter. The convertible loan of $1 million (which you participated in) only just gets the company through this quarter, but with a budget of $800k the company will only have $300k in 6 weeks time and a debt to repay of $1.1 million.

In other words, a CR will be required in the near term, probably October. And if the company can't raise funds and later default on the debt then the note holders take the asset and shareholders are left with nothing.