“Please explain!”

I read broker report and find that:

1) Bell Potter values MNS SP to $1.45 p/s
2) Blue Ocean targets MNS SP to $1.40 and $2.50 p/s

But I can’t see any off take agreement from these reports. Why?

Meanwhile, VRC is only a baby but has “Three MOUs signed with major Chinese graphite end-users totalling 100,000 tonnes per annum. The Company also continues to pursue MOUs in North America, Japan, South Korea and Europe, to add additional supply into other markets and diversify outside of China”. WHY?

My simple understanding - maybe right/wrong (?) - that:

-  SH sees baby VRC will grow up very fast that will give him and VRC s/h huge win and win later. That is why he left MNS to back VRC.

-  ES also has a same view as Hunt does, that is why he support baby VRC

I hope my simple understanding is right.  GL to  long term Holders.