VR8 7.14% 6.0¢ vanadium resources limited

Ann: Premium Strategic Placement and Offtake MOU, page-99

  1. 1,461 Posts.
    lightbulb Created with Sketch. 1006
    China does have a huge manufacturing base that can produce parts (including for mines and processing facilities) usually at very competitive costs and in a rapid time frame. So this could be the help we are talking about. No one suggests the Chinese are now suddenly going to design and build the plant, but they might be able to assist in some aspects. And obviously this Chinese company does have the appetite for a pure Vanadium play...And VR8 has the skills!

    And the 13% tax would need to paid by the importing party. VR8 will simply get the market price. Any company in China would need to pay that tax regardless of where they buy their Vanadium from. It has zero impact on VR8 or the price they receive.
    Its a good sign for Vanadium demand in China though...If Chinese Vanadium producers could produce enough Vanadium at competitive prices surely Chinese companies wouldn't be looking abroad and have to pay a 13% import tax. Means Chinese Vanadium production can only be increased at un competitive costs.


 
watchlist Created with Sketch. Add VR8 (ASX) to my watchlist
(20min delay)
Last
6.0¢
Change
0.004(7.14%)
Mkt cap ! $33.61M
Open High Low Value Volume
5.8¢ 6.1¢ 5.7¢ $64.03K 1.078M

Buyers (Bids)

No. Vol. Price($)
2 100000 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
6.0¢ 41595 1
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
6.0¢
  Change
0.004 ( 3.45 %)
Open High Low Volume
5.9¢ 6.0¢ 5.8¢ 289740
Last updated 15.57pm 17/06/2024 ?
VR8 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.