VRX 5.88% 3.6¢ vrx silica limited

Ann: Half Year Accounts, page-15

  1. 15,035 Posts.
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    obviously no one is thrilled with the current "no mans land" we are sitting in and comms has always been terrible.....

    the difficulty in judgement comes when trying to determine where fault lies as the governemt overlords are clearly horrendous, but this should have been anticipated... or cash atleast managed in accordance with the risk this represented. let's not forget we've had a refurbed trommel and screen sitting in a shed for 18 months now. buuuuuuutttttt had the EPA met their published timelines all these actions would have been a masterstroke as they are long lead items bought at a discount.

    IMO, I don't think any of the side activities have been a complete waste as they are complimentry to the main effort. Some have suggested neccesary to "green wash" what is otherwise a massive clearing operation. that and they offer cost reduction and potentially appease the environmental police... if they ran around looking for lithium, then we'd have a problem.

    It's a tough one... but as usual we all sharpen our pitch forks sub 10c, at 10c we are all just bored and above 10c we all start talking about $1.... this is price driven sentiment and nothing to do with the Co as nothing has changed in 24 months.
 
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