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4.0¢ vrx silica limited

I'd add if EPA says no to VDT the company is effectively...

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certaylor

561 Posts.

79

05/05/24

08:19

Post #: 73669152
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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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I'd add if EPA says no to VDT the company is effectively screwed. We've spent all that development money on wages. Even if you progressed a multi season trial (as I expect the EPA would want) you're up for atleast another raise and given this one - insane dilution. AN is either going to pull us out of a nose dive to VA or not.

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