VRX 10.7% 3.1¢ vrx silica limited

Ann: Trading Halt, page-92

  1. 15,079 Posts.
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    my only thought is why would you bother updating the BFS at this stage. decision to mine has been made, prices will come directly from our offtaker and financing is only 30 million... not hitting up NAIF or the like for something that small.

    while it would be nice, an updated BFS is just an administrative function and wouldnt require a trading halt, surely. they did TH for muchea BFS but not for ASN or ASC BFS' previously.

    i consider an updated BFS the lesser of the exciting news...so it probably is not going to save them at an AGM though "look we changed the numbers in a spread sheet and hit print".

    I'm inclined to think they pegged the AGM date around anticipation of whatever this news is.... at least i hope.
    Last edited by blister: 09/11/21
 
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