$1.25 million (quarterly cash balance) - $1.86 million (budget from VRC) = CR before the end of the quarter.
Every post from holders at this moment can be boiled down to hope, regret and blind faith. Until the company is funded with working capital to complete a new scoping study and a BFS (my guess would be $8 million required) they dont have the technical information about the project to obtain a real binding offtake with sufficient quantity to justify either the market cap or development capital. And the only genuine offtake I'm interested in is one where money changes hands and a break fee is specified in the contract, not an MOU or Cooperation Agreement or the deal with NGI which is essentially just another start up company.
The only reason I mentioned your neighbor who recently signed a deal for debt guarantee, equity and offtake is that they have a market cap less than Volt and a reasonable capital structure. It's a fair data point in a sector that has very few. In other words VRC is expensive by comparison and 18 months behind that project.
I will continue to post to encourage a real discussion on actual facts. You can keep being bitter and twisted about ex-holders posting but this is a forum for the discussion of stocks not a Facebook page to 'like' the company.
- Forums
- ASX - By Stock
- Ann: Cooperation Agreement with Leading Chinese Graphite Group
$1.25 million (quarterly cash balance) - $1.86 million (budget...
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRC (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $16.63M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $33.89K | 8.204M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 27377832 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3375151 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 27377832 | 0.004 |
19 | 19156068 | 0.003 |
13 | 16991526 | 0.002 |
10 | 41667001 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3275152 | 8 |
0.006 | 16542525 | 30 |
0.007 | 7767551 | 8 |
0.008 | 5395175 | 11 |
0.009 | 5271154 | 7 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
Featured News
VRC (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online