Check reality

Guys, its better to check reality about VRC!

It seems, VRC has a history of making one announcement after another to hype VRC share price. Whether its follows though or not is a matter of debate.

Hope, every VRC investor is a smart investor. So, read below VRC announcement dated 2 Aug 2018 and figure out yourself the reality of the ground:
DYOR

ASX ANNOUNCEMENT
By e-lodgement
2 August 2018
VOLT SIGNS SECOND BINDING OFF-TAKE AGREEMENT
FOR BUNYU GRAPHITE PROJECT
HIGHLIGHTS:
§ Binding offtake agreement signed with major Chinese graphite company - Qingdao Tiangshengda
Graphite - for 9,000 tonnes per annum of Bunyu Graphite Product over 5 years
§ Nominal 10,000tpa of Stage 1 production now committed via binding offtake agreements when
combined with the binding offtake agreement with US based graphene company Nano Graphene Inc
(NGI)
§ Negotiations continuing for additional binding offtake for the Stage 1 development
Tanzanian focused flake graphite development company Volt Resources Limited (ASX: VRC) (“Volt” or “the
Company”) is pleased to announce another key milestone for the Bunyu Graphite Project Stage 1
development, with the signing of a binding sales agreement (“the Agreement”), by 100% Volt subsidiary,
Volt Graphite Tanzania Ltd, with Qingdao Tianshengda Graphite Co. Ltd. (“Tianshengda”) for 9,000 tonnes
per annum of Bunyu Graphite Product over five years.
Tianshengda is an integrated graphite processor and distributor across China and internationally. Based in
Laiki City, Shangdong Province, Tianshengda has a substantial annual capacity to further process graphite
by producing value added products including expandable graphite, flake graphite and powder, as well as
supplying graphite to the lithium ion battery market.