Very happy to have concerns debunked alh...the board has not kept investors adequately informed of planned activities imo...there has been no less than 31 Announcements since the Quarterly Report 31/10/17...yet none addressed why the following 'non-events' in the Report were not achieved, or deferred, in timeframe stated ...
1. "....the Board and Management believe the legislative changes – as passed by the
Tanzanian parliament – would not cause or prevent Volt from progressing with its current business strategy and plans for the development of the Bunyu project (refer ASX announcement 7 July
2."Product samples were sent to both CNBMGM and GEM to enable independent testing on the Bunyu Graphite product. Additional samples were also arranged for China-based AOYUGraphite. Assuming the product test work is successful, then offtake agreements totalling 15,000 – 20,000 tonnes per annum could be confirmed during Q4 2017."
3. "The report for the ESIA (Environmental and Social Impact Assessment) and the RAP
(Resettlement Action Plan), as noted in the previous quarterly report, was finalised. Volt is currently working in collaboration with the relevant government authorities, to ensure that the submission is compliant and expedites the grant of the mining license. Submission to the NEMC (National Enviromental Management Council) is yet to be completed but is planned early in Q4 2017."
...from Quarterly Report 31/10/17
VRC Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
