No, they are certainly not advancing all studies in a timely manner. Below is the gant chart they released in Feb 2023, a few weeks after John took over from Eugene. VR8 has failed to deliver on nearly all main categories - Environmental permits, FEED, Offtakes and Strategic Investment, Debt Financing, FID. All supposed to be completed by now, just 14 months later. They hired some more people (tick), and raised $5 million to keep the lights on (by selling 10% equity in the company, so not great). Now they are saying first production is mid 2026, so further delayed. Actually, looking at the chart below, I'd say mid 2026 is very optimistic given most of the arrows will now need to be extended to later dates.
All IMHO, DYOR
Ann: Off-take MOU with large Vanadium nitride producer, page-32
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Last
5.6¢ |
Change
-0.004(6.67%) |
Mkt cap ! $31.37M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.8¢ | 5.4¢ | $18.03K | 323.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99647 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 38461 | 1 |
View Market Depth
| Last trade - 15.46pm 21/05/2024 (20 minute delay) ? |
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Last
5.5¢ |
Change
-0.004 ( 6.78 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.8¢ | 5.4¢ | 121436 | ||
| Last updated 15.38pm 21/05/2024 ? | |||||
| VR8 (ASX) Chart |