VRX 2.44% 4.0¢ vrx silica limited

Ann: Entitlement Issue Prospectus, page-129

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  1. 2,319 Posts.
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    I thought about this and decided no. 4 years ago we felt there was a path to revenue in the short term, 2 years later the EPA was imminent and organisations lining up for offtakes.

    2 years and it seems like virtually no progress has been made.

    What we thought was 6-12 months, has now become 3-4 years.

    The lack of communication and progress as an enterprise makes me feel like this could take another 3-4 years to revenue if it all.

    I wouldn't put another penny in unless the EPA's were all but done. There will be a massive capital raising then and whilst the reward will be smaller, i'd be confident on the return.

    Money in now could be dead money that could be invested elsewhere.

    For the record, for those who do buy in now. I hope you crush it and make a fortune. And I hope you dedication pays off for those who held from 40c to 5.

 
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