doing a deal to bring bunyu into production at the bottom of the price cycle is a terrible idea. I would much rather VRC hold off until there is upward momentum in the demand cycle before we did a deal on Bunyu. Opportunistic financiers now would be looking to use a deal to give them an opportunity to scoop up Bunyu on default of payment. Look what happened to WKT
our short and medium term survival … strategy… is TEMU Rice cooker at scale and the war coming to an end in Ukraine so that the only producing asset we have can be ramped up.
still need funding for both though and that is a very significant challenge that we face and something Bunyu isn’t going to solve, per above.
VRC Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
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