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2.8¢ vrx silica limited

Ann: Entitlement Issue Prospectus, page-119

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MoneymanMaz

69 Posts.

61

13/05/24

15:03

Post #: 73799001
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Originally posted by ZachT: ↑

I agree Jukebox.

He has been stumbling his way throughout & should receive another strike at the next AGM.

There has been a considerable amount of oversight and ignorance from him in believing EPA would not assess ASN & offtakes could subsequently be secured "before Christmas 2020". However, EPA are also responsible for several delays.

At very least, a capital raising should have been taken at highs, instead of the board lining their own pockets. Communication has also been outrageous RE: EPA process with the most detailed recent update uploaded via their YouTube channel and not a company announcement.

The current placement is also suspicious as 1:13 could never have been fulfilled as others have mentioned above.

However, I still feel that at these price levels with fundamentals as above and share registry dilution limited - there's value to be had.

I will concede that I hadn't considered insolvency as a possible outcome, but this is definitely due to my bias as a shareholder...

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Most recent update was in the quarterly so I suggest you go have a look at that mate, the YouTube video Arion posted is old and no longer relevant. Spoiler: we got the DCCEEW comments back in April and nobody knows whether Bruce has provided a response yet.

VRX Price at posting: 5.6¢ Sentiment: None Disclosure: Held
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