VRX 0.00% 3.7¢ vrx silica limited

Ann: Trading Halt, page-85

  1. 6,565 Posts.
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    All this discussion about there being 65 potential offtake partners reminds
    me a bit of the real estate agent that says there were 7-8 offers from buyers
    at the full sale price of the house. If there were 7-8 offers, its completely
    irrelevant, because you can only sell to one buyer. What's more, the seller
    has stupidly set the price too low because you should end up with a couple of higher
    offers, whilst 5-6 buyers then get filtered out because they couldn't afford it.
    I'd much prefer to hear that VRX has 5-6 potential offtake partners, because
    their sand pricing has been set high by virtue of its premium grade and green
    credentials (certified as responsibly sourced, without environmental impacts etc.)
    and ~60 offtake partners couldn't afford it.

    All IMHO, DYOR

 
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