I feel your frustration, Bruce ... I only learnt to be wary of...

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wayne25

1,002 Posts.

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30/05/19

16:41

Post #: 38829778
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Originally posted by bruce13: ↑

Gee Wayne, shareholders have every right to be"arrogant, nasty or derisive" about VRC at the moment! The sp isfalling and there's little positive news to stop it falling lower! With ahigher cash burn rate, and high salaries being paid to the directors, thecompany will again need further funding just to survive, and very soon!

Only a month or so ago, there were rampers in this forum stating thatthey'd spoken to Trevor and that they had "substantiated" news fromhim about the company securing its US$40m funding soon, but of course thatwas all total rubbish!

VRC shareholders will be hurting now with a sp of 1.5c and no signs of hope onthe horizon. Some investors in this forum have put a lot of faith into thestock, and in Trevor, and the VRC board, and Mr Kabunga, and in Exotix andin Mr Sugars, by buying between 10 million and 25 million shares, but no happysigns for them at the moment!

I did sell some of my VRC shares at 2.1c in the past few weeks, wish I'd soldmore than I did! I also considered selling out of VRC totally and goingheadlong into WKT at 9.6c, just a couple of months ago! Again, I wish that I haddone that as well, with WKT being at 34c today! The signs have always beenthere that VRC would likely struggle and that WKT would likely boom! One of myinvestor friends actually bought into both stocks around 18 months ago, andsuggested that I do the same, and split the risk! No use crying over spilt milk,but he’s a much happier man than me at the moment, and sees plenty of black andgood profit on his E*TRADE website, whilst I’m staring at plenty of red, dayafter jolly day!

That is the nature of this game of investing in spec stocks, the smartinvestors can make good money, but the average punter like me, loses more oftenthan not! Good luck to the WKT holders, some were brave enough to come on thisforum and advise us to buy WKT, and didn't they cop some negative comments!

All the posts about future Graphite demand exceeding supply, really do meannothing to VRC at the moment, as it does not have the funds to survive even thenext 6 months!

Yet again, like we have all been hoping for during the past 18 months or sonow, let's continue to hope that VRC can turn things around, and bloody wellsoon!

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I feel your frustration, Bruce ... I only learnt to be wary of stocks like VRC after doing plenty of my hard-earned on other such stocks that baited its shareholders with lots of impressive sounding announcements about how well things were progressing, without actually providing any proof of meaningful milestones being achieved

For the previous few years, VRC was putting out lots of puff-piece announcements that meant very little in reality ( they were apparently just inducements to get more shareholder cash for their SPPs and capital raisings ) ... Now, there's not even the puff-pieces ... There's been a deathly silence for quite a while, and I don't blame holders for getting spooked by it ... Some ( like yourself ) have obviously been either bailing out or reducing their exposure of late.

As I always say, things can surprise to the upside ... and sometimes when they are looking their darkest ... But for now, I'm glad I didn't dip my toe into the VRC pool when I was considering doing it.

Wayne

VRC Price at posting: 1.5¢ Sentiment: Sell Disclosure: Not Held
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