Ann: Bunyu Development Funding Update, page-65

I wrote this post back on 31/1/19, after the hugely disappointing ( for VRC holders ) announcement on 29/1/19 regarding the company's funding progress ... or lack thereof.

It has taken a bit longer than I expected for the SP to get down to the support levels around 15c that I was pretty sure would be reached in the aftermath of that announcement ... but now we are pretty much there ... and that support will now be tested.

My guess is that this time it will probably be broken ... The failure to actually secure any type of funding after years full of promises and calls for patience by management will eventually cause the market to give up on VRC ... and that time looks to be very close.

Hopefully, for the sake of the many holders like Graphene who have faithfully supported VRC without being arrogant, nasty or derisive towards those who legitimately criticised the company will be able to get out of this saga without suffering a major capital erosion ( and maybe even make a profit if a miracle happens) ... but I don't like the way this is looking at the moment.

https://hotcopper.com.au/posts/37280805/single