The Germans have lost capital big time, and it just shows that even the big players can get it wrong, even with all the analysis tools and expertise at their disposal. The fact that they bought in at 30c impressed me too, when you saw how many ASX mining projects they were invested in. It now starts to make sense why Cinnebon was pumping the project hard in late 2020, promising offtakes and EPA approvals on timescales of a few months. Probably it was to secure the german investment. Now more than 3 years later with no offtakes nor EPA, it is now abundantly clear his advice to the market back then was grossly misleading. But central to this sorry saga is the fact that the money from the Germans went to the BOD and not to VRX surely remains a big question mark ethically and perhaps legally ?
all imho, dyor
VRX Price at posting:
4.1¢ Sentiment: Sell Disclosure: Held
