Ann: Strong Interest for Potential Offtake of Silica Sand, page-50

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bendigo

8,007 Posts.

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18/04/19

17:23

Post #: 38204527
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Originally posted by Tumby ↑

Bendigo,
Ever think that the main play here may be not what it seems at face value? The recent placement at 6 cents was to whom? Was it mainly just a bunch of sophs that thought they can make a quick kill on the share price being higher at the time? If not then why is no one buying at under 6 cents? Is it that most of the stock placed went to directors and associates? Now if that is the case they hold a lot of shares, in this scenario it matters diddly squat as to where the share price sits. Plans may be afoot for a bigger picture scenario. Im guessing that the timing of the plant costs was strategic as to cause and effect, we are seeing the effect. So why are non of the sophs buying below placement? Maybe they dont want to run the risk of buying on market if some rocks get turned over at a later date. For all the good people in this stock there is an equal amount of shifty shonks. With stocks, never believe the hype that is propagated and sometimes its prudent to do the exact opposite of the narrative.

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Hi Tumby,

Let’s try to analyse from what we do know, who got the shares in the cap raising.

There were a total of 36.67 million ( rounded ) shares issued.
The directors got 4.33 million of these.
So certainly most of the stock did NOT go to directors.

In round figures 32.34 million....that is .....the majority of the shares went elsewhere
To “associates”????????......No clues here.

Some sort of conspiracy?

I can’t connect the dots.

Cheers,

bendigo

VRX Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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