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Correct... was going to post something similar but you did it...

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ramblehe

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24/06/17

09:37

Post #: 25467171
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Originally posted by robo007 ↑

This may help you, of course reading the announcements which a lot do not do, will also assist!

VRC have signed a detailed offtake term sheet, which is a nonbinding agreement!....so there nothing misleading in there heading! Its simply a whole bunch of IMOs going on....

However, some now mention that it is an MOU....lets be clear here...True term sheets, at times are referred to as memorandums of understanding, serve as a summary of the terms being discussed or offered.

If you want to look at it as an MOU, then, think of it being in an advanced stage, with a Term Sheet though, there is an acceptance period, providing a time frame for a response regarding the information set forth.

I also mentioned previously to Robbo that a term sheet serves as a template to develop more detailed legal documents. Once the parties involved reach an agreement on the details laid out in the term sheet, a binding agreement or contract that conforms to the term sheet details is then drawn up

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Correct... was going to post something similar but you did it better.

VRC Price at posting: 3.2¢ Sentiment: Hold Disclosure: Held
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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $16.63M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
39	70079358	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	8328211	12

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No.	Vol.	Price($)
39	70079358	0.003
17	23916715	0.002
8	18150001	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	8328211	12
0.005	18501965	16
0.006	9143468	15
0.007	10780001	5
0.008	4864155	6

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