Ann: Positive Expandable Graphite Results, page-33

Which strategy? I think it would have been appropriate for management to release a revised PFS with the new 20ktpa strategy so shareholders could understand exactly what they are invested in, particularly as the new strategy is such a major deviation from the old one. And there is still no news on this front.

You be the judge on management but the lack of stability is disappointing. Armstrong looked to be a quality leader and the stock has been sold down ever since he left. Then you have the Company Secretary resigning and now SH delegated to the bench.

@taglip if stage 1 doesn't work then you can forget about stage 2. VRC will be a shell and the note holders will own the asset.