Is it time for a share consolidation?, page-7

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04/07/24

12:01

Post #: 74604938
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Originally posted by nkat2007: ↑

I agree, consolidations rarely work out well for existing holders.

The price is where it is because the outcomes which shareholders have been led to expect will happen within certain timeframes, have not. That doesn't mean they will not, but confidence is lacking. Bring on an offtake and large investment by a quality battery manufacturer (e.g Panasonic, Freyr) or EV manufacturer (e.g. Tesla), a joint venture with a big partner to fund Bunyu to production (like RIO is doing with SVM), or some significant grant funding awarded to Volt and the share price will climb.

A recent example of a company which seemed dead in the water was MRQ trading at 0.002 with huge walls on the sell side. They announced a joint venture with Sinowin Lithium who will fund their project to production with a USD $50m drag along clause to acquire the remaining equity in MRQ. In AUD that's $75m for a company which was trading at $5m MC. It's already rerated substantially to 0.006 ~$10m MC in a few weeks, but doesn't look to be stopping there. A good deal can turn a company's fortunes pretty quickly.

Consolidations aren't the answer to creating value, delivering on the company's objectives and vision is. Additionally, being in an environment where the company's primary commodity demand is outpacing supply and resulting in higher prices always helps. Natural graphite prices are still on the floor.

We're not seeing any ASX graphite companies doing well at this point in time. Syrah, Australia's leader in graphite is currently trading at 34c and yet 2 years ago was at $2.60... so has fallen 7.6 times from its peak. And they are backed by Australian Super as a major shareholder.

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Thankyou nkat2007. My thoughts exactly.

That's why we don't sell possum2, plus what indigo has been saying......nothing left TO sell!

Hail Mary time but not holding my breath as I have already prepared myself for the worst.

As for Dominic aka Plaitioti aka Bosswhat, I hope you know more than us Retail holders hence why the additional help. If you don't want to respond, just give me a thumbs up if u r still around?

VRC Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $20.79M

Open	High	Low	Value	Volume
0.4¢	0.5¢	0.4¢	$10.98K	2.247M

Buyers (Bids)

No.	Vol.	Price($)
35	23123645	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	1651552	3

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No.	Vol.	Price($)
1	303031	0.005
35	23123645	0.004
20	19356068	0.003
14	17041525	0.002
11	39467000	0.001

Price($)	Vol.	No.
0.005	1989353	3
0.006	16290857	28
0.007	8147551	8
0.008	5395175	11
0.009	5271154	7

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Is it time for a share consolidation?, page-7

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