VRX

5.88%

3.6¢ vrx silica limited

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Hauler

153 Posts.

19

13/05/21

12:46

Post #: 53149740
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Originally posted by mabrook: ↑

I can understand your frustration, this is becoming another mining license saga that dragged on 10 months after his "early in the New Year" comment of late 2019.
The EPA is probably the hardest bureaucracy we have to face, and seem to be a law unto themselves, for that I do not blame VRX.
They have been very diligent in their proceedings with the EPA, they have had regular consultations and addressed any queries. So I don't know how you can say that Bruce is poor with the paperwork, he never has been. The six month suspension was not of Bruce's doing, we were unfortunate to list at a time when the ASX was taking a hard look at mergers and acquisitions and introducing a lot of new rules.

It is the off-take saga that I fail to understand.
With over 65 potential customers, a critical world shortage particularly of the high grade silica, countries banning exports to preserve supplies, and yet we have failed to sign ONE.
We might hold all the Aces, but I think someone doesn't know how to play cards.. Maybe its time to look at other opportunities and make them declare their hands or fold. We will be supplier of a critical high grade commodity, and do not need to be in a position to be dictated to by a corporation who needs to flex over zealous corporate muscle. They either want the sand, or they don't.

Expand

Agree an Off-take could be drawn up subject to X Y and Z. In this case subject to EPA approval to the complete satisfation of Corporation X. Due Diligence and site inspection.

Cannot for the life of me see why this has not been done.

Hauler

VRX Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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Last 3.6¢		Change 0.002(5.88%)		Mkt cap ! $22.61M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.6¢	$8.381K	230.2K

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No.	Vol.	Price($)
3	573999	3.6¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
3	573999	0.036
1	16998	0.035
1	3823	0.034
1	45454	0.033
4	282063	0.032

Price($)	Vol.	No.
0.038	50000	1
0.039	69999	2
0.040	20000	1
0.042	171626	2
0.043	28768	1

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