There have been a number of good posts in the last few weeks especially since ZV has recommenced mining and sales activities from our once again, actual producing mine. Note the word "sales". Not hundreds of millions of dollars by any means but actual sales with a clear path ahead. Not many others can claim this achievement and it demonstrates the guts and determination of our Ukrainian staff and families. These recent posts remind me of why I too, like Possum and no doubt a few others, have filled my boots with stock given the opportunity. Along with many, I also hate too see our SP languishing at these levels and for so long. Many holders are and continue to be frustrated and I'm one of them but again I have turned frustration into opportunity, at least that's the way I see it anyway and many will disagree but I don't care.
Lithium still seems to still be the sexy commodity but I feel that it's grey lustre may not be outshining graphite for too much longer. I bet if it was called "Graphinium", things may have been different. Oooh what's that stuff? Sounds rare and exotic, better jump on board. You get my drift but make no mistake, our turn will come.
The world is slowly starting to wake up to the value and growth that lays ahead with graphite, not to mention the predicted massive volumes that will be required for the applications and plans that the EU and the US has for energy production, storage, EV's, etc etc and we are also finally waking up to the fact that we cannot and do not want to rely on China. They are currently affirming this with their moronic recklessness and disregard to peace terrorising Taiwan. If I were Mr Potential Lending Institution I wouldn't finance anything relying on Chinese honouring offtake agreements either. Dictators have this annoying habit of doing about faces and changing their minds about any agreements that they or anyone under their rule may have made. Germany are currently learning the hard way relying on Putin for their energy supplies but look how that's working out for them now. Even Trump warned them about this possibility a few years ago but Merkel waved him off. Nice one Ange! The banks have done VRC a big favour by telling us that the offtake agreements we had with Chinese companies with no transparency aren't worth jack anymore. Sure, it's meant more delays but it will be worth sooo much more to us in the coming years replacing these with U.S. and E.U. customers and partners.
A lot of the questions raised of late by disgruntled holders can be answered in the presentation Trevor made in the latest Spark+ webinar and I'm not talking about the glossy written one. Trevor spoke about the enormous complexity of negotiating new offtake agreements replacing the Chinese ones (good riddance) and the partnerships being built with European and US companies. All of these commitments are binding each party for years to come with figures of hundreds and hundreds of millions of dollars but they are nearing completion. It's not like going out and signing a lease on a new car. We're now jumping into bed with all the right people and investors should realise this by now. Trevor answers the questions of where we sit with offtake agreement negotiations and how this affects and times with funding as well as an idea of upcoming announcements.
Spark+ has a Youtube channel and I expect this latest presentation will be uploaded very soon. I urge those who were not able to see it live, watch it when it becomes available and I'm sure most of your questions will be answered. It will be time well spent.
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