VRX 7.41% 2.9¢ vrx silica limited

Ann: VRX Silica Company Update, page-13

  1. 910 Posts.
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    Nothing to see here
    - Infill drilling received and results are inline with expectations, Company now moving ahead with plant design as stated
    - EPA is progressing in stages and as expected
    - VRX are completing additional studies for the EPA which will be completed within the Public Environment Review (PER) period
    - PER period is 4 weeks and commenced Tuesday 18th May

    What I did like to see was the slight update of offtake samples with glass makers in Asian market for furnace testing and smaller samples sent to foundry in South Korea.

    Basically - Nervous sellers with EPA progressing to stage 2 and being assessed which has lead to additional sellers or stop losses being triggered. SP to climb back closer to 30c, back to sleep I go
 
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