yeah, thats kinda my read too. through all the fluff and...

First 61 Last

Share
Profile

Follow
blister

14,974 Posts.

2551

24/04/24

12:28

Post #: 73496021
Share

Originally posted by mjp2 ↑

thanks, blister, that fills in a bit of info. So, the bigger vested interests in this are happy to pay a guy and a sand marketing and operations management team a hefty price for years to be ready to go. I'm sure they're annoyed at the EPA delays. But I'm increasingly of the view that the patient money sees the upside and is of the view, perhaps aided by smoked filled rooms and political connections, that approvals, while a protracted process, will come. And, after several years they see that outcome not far off. They won't be over invested like (theory 1) the noisy negatives posting here, sweating over losses, so they will largely be calm and patient. They may in fact (theory 2) be happy to encourage the noisy negatives here to down ramp the company and pick up max stock in this raise. The prospectus suggests that sub-underwriters are lined up. So, I don't think the broker is at risk here.

Anyway, just a story. But a story that seems to explain how Bruce still has a job, and the gap between the apparent big players positioning and the persistent negativity posted here.

I don't want to be too heavy in this as I am in no position to judge the EPA outcome, despite my more positive tea leaves reading, so I have to regard this as a potential binary risk. But I have added a bit through the raise. That takes me from holding only a very small random position that was the legacy of an offer that didn't get fully bought, upgraded now to a small starter position I'm happy to lose, plus a few options. If the market starts pricing in say 20% of the Muchea upside after an EPA approval for AN, then that'd be a useful gain. With the potential to add more to that with pending newsflow.

GLTAH

Expand

yeah, thats kinda my read too. through all the fluff and noise.... sparta paid management off with a direct transfer of shares @30c.... and haven't sold a single share as far as i can tell as that would be announced by ASX rules (substantial holders, etc), despite 3 german financial years where they could have washed the losses.

Brucey boy speaks every now and then about speaking to the minister...."and others".... you get the sense that this whole thing is stitched up and everyone is happy to sit idle waiting to be part owner, royalty recipient and/or controller of largest silica sand mine operation in the southern hemisphere...... supply chains are king these days..... the only folk that can't tolerate this level of red are the retail investors.... of which the vibe is they are a neccessary nuassance as a bi-product of being listed.

but like you say, its all stories to justify ones perspective.

rags or riches..... only way out for me

Last edited by blister: 24/04/24

VRX Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

Reply