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44.8%

4.2¢ vrx silica limited

People really need to read the details before they post. Anyway...

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birdchirp

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24/07/18

17:31

Post #: 34541540
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Originally posted by birdchirp ↑

only $5m in cash

Deferred Consideration – Deferred consideration is not payable until the Company has undertaken a feasibility study in respect of the project and has made a decision to mine, or earlier at the Company’s election. The Company has up to 5 years from the date of grant of the Option (DTM Period) to pay the deferred consideration. The DTM Period will be automatically extended for further periods of six months each for material delays in the Company obtaining relevant approvals for the Tenement. The amount of the deferred consideration is $50 million, payable at the Company’s discretion in the form of a minimum of $5 million in cash, and the balance in cash or Ventnor Shares (again, at the Company’s discretion) at an issue price being the lower of: (i) the 30 day VWAP on the date of payment; and (ii) 20 cents

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People really need to read the details before they post.

Anyway I'd be happy at this point in time for them to forget the whole deal with AS (MUchea) and just progress with Arrowsmith. A much simpler option which would instantly release our locked up shareholdings.

VRX Price at posting: 6.7¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.2¢		Change 0.013(44.8%)		Mkt cap ! $26.38M

Open	High	Low	Value	Volume
2.9¢	4.2¢	2.9¢	$77.77K	2.458M

Buyers (Bids)

No.	Vol.	Price($)
1	14288	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	257118	1

View Market Depth

No.	Vol.	Price($)
1	14288	0.040
1	200000	0.038
1	28888	0.034
1	100000	0.033
2	132963	0.031

Price($)	Vol.	No.
0.042	257118	1
0.045	17000	1
0.047	21275	1
0.048	46773	1
0.049	371356	1

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