"VR8 is concurrently in discussions for further offtake MOUs and agreements with Chinese, Japanese, Korean and European end-users and traders..."
I can't believe what I'm reading in this presentation. They are now saying the goal is to sign more offtake MOU's, despite the fact that many investors view MOU's as not being worth the paper they are written on. The timeline for this has also been extended to mid year 2024, so the already stretched timeline for offtakes has been delayed even further. Very disappointing, to be aiming for an MOU. With the diminishing cash reserves and likely need for further fund raising very soon, I'm wondering if this is now a watershed moment for VR8 ? The project seems to be making no real progress. I'm changing my sentiment to sell.
All IMHO, DYOR
"VR8 is concurrently in discussions for further offtake MOUs and...
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Mkt cap ! $25.21M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.5¢ | 4.4¢ | $16.49K | 367.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 190540 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 4.6¢ | 107691 | 2 |
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| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 4.5¢ | 4.5¢ | 4.5¢ | 54900 | ||
| Last updated 10.39am 01/05/2024 ? | |||||
| VR8 (ASX) Chart |