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4.0¢ vrx silica limited

Ann: Entitlement Issue Prospectus, page-42

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2627

03/05/24

17:54

Post #: 73657029
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Originally posted by SwiftySX ↑

You've missed my subtle point.

They can't go into cost lockdown. They must raise the money and begin spending it on Muchea for precisely the scenario you outline.
If VDT and ASN get scuttled, they can't THEN raise money and begin their pivot to Muchea.

The game theory here says the only move is to go all in on Muchea, writing off the ASN outcome.

If ASN gets greenlit, money should come easy. Away we go. Jewel is the crown is Muchea already following.
if ASN gets blocked, the company needs to have already pivoted to show progress elsewhere, e.g Muchea. While it may be painful that this "resets" the clock, at least the timer on the reset starts now and not in however many months it takes from now to learn that ASN is blocked.

I don't see another way to play this.

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Valid point! Progressing a VDT trial at Muchae also de-couples the perceived VDT link... I.e one fails they all fail. ....

in the same breath, personally I don't think they wouldnt be progressing VDT trials if it was a problem at ASN.... I would hope that Muchea grade alone should warrant keeping the project alive without additional investment.....

Proper nail biter.... rags or rich.....

VRX Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
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