If "the figures in the short term will not add up" how do Volt shareholders expect the company to secure funding? CNBM have already proposed to fund another graphite company but only for 50% of their offtake. If this new subsidiary of CNBM requires expandable it would make more economical sense to buy it from them because the risky development capital will have already be invested.
There are lots of graphite companies all seeking funding partners and most have projects that could accommodate larger scale production like VRC are promoting as stage 2. A borderline project is not going to work.
One more week until the end of the quarter and I suspect we will see a convertible note announced.
VRC Price at posting:
3.2¢ Sentiment: None Disclosure: Held
