i am quite new holding VRC so i feel for those that holding the bags all these years. for me its waiting game but i can see 1 or 2 catalyst turning things around quickly.
1. securing site in USA and get govt grants. i feel we might see something soon about them already receiving grants. this will be big boost.
2. 24M ongoing qualification / testing works. this has been going on for a while so i hope we see something soon on result. we know data from Bunyu is premium quality and ZG not far off. this could lead to finally getting some oftakes with 24M licensees and possibly 24M taking an equity stake which could be blessing in disguise.
if we still had TM i would less optimistic but the new CEO with his US network base i feel we could see something soon and give SP a big rerate which it desperately needs.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-23
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