VRX 3.57% 2.7¢ vrx silica limited

Daily price prediction thread, page-9737

  1. 290 Posts.
    lightbulb Created with Sketch. 37
    That is definitely a great outcome!! Although I can't say I am optimistic that will be the likely outcome.

    Quoting from prospectus.

    "The Company is awaiting a formal notification from DWER of comments on the PER and the Company is required to respond to all such comments." (I bolded the FORMAL).

    My thoughts on what's happening:

    - BM was banking on this PER completion will raise the SP (just like me, betting $30k @16c) for better CR.
    - Probably already received some "informal" communications? Not as quick process as he hopes to be.
    - CR, $3m.

    I guess now, why the $3m amount? Maybe the "informal" communications so far give him enough confidence to have enough working capitals & acquire some equipment purchases to see this through with $3m.

    If we are being realistic, there will be a lot, by a lot, I meant a lot of upset people if this doesn't pan out. BM is definitely aware and probably won't like that to happen either.
 
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