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4.2¢ vrx silica limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-275

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carnabombers

4,177 Posts.

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20/05/23

08:50

Post #: 67875432
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Originally posted by bendigo: ↑

Hi again Bomber
You missed my point.

My point is others apart from V are considering glass making.
In this case a company north of Brisbane.
So it is not necessarily something that you claim
will not happen in Australia

And while I don’t hold the “other” company shares
I do keep an eye on them.
And they have separately said in their releases that they do have very high grade silica sand near Cape Flattery suitable for solar panels.
And they too have lower purity silica sand suitable to make other glass
So who knows what type of glass making plant they have in mind.

And while V Muchea deposit is suitable for solar panels,
the Arrowsmith deposits are suitable for making other glass’

So if others wished to set up a glass plant near the V deposits in WA
It need not be limited/ restricted to a more expensive solar panel plant.
A plant could source Vs Arrowsmith sand for other glass making.

Who knows:
We have the best publicly listed silica sand deposits in the world.
Im just looking at how they can be used and how this can possibly be maximised to
benefit V shareholders
Any value added process in WA would attract positive attention by the WA government
So lets not dismiss any of them.
……………………..
Re requiring more cash and issuing shares.

No need for V to do it immediately.
But yes,
they will need to so before the end of the year.

But if they can get the various approvals by then,
the shares will increase in price.
and the capital raising can be done at a much higher than the current price
which in turn will not dilute all our shareholdings to the same extent.

I know thats how I’d be playing it if I were BM

All imo
dyor

Cheer
bendigo

Expand

I hear ya Bendigo
Just tthat there is glass making an then there is glass for solar. Very, very different. I'd love a solar glass manufacturing plant right next door to Muchea however there is a reason why 80% of it is made in China. Apart from anything else. It needs fossil fuels and that's a no no these days.
A standard glass plant at a nth? Is that the market Bruce wants for there? Is that the best value for our sand? Dunno.

VRX Price at posting: 11.0¢ Sentiment: None Disclosure: Held
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