As far as I understand Volt's Tanzania tenement licenses are in good standing, and as per announcement on 15th Jan, the recent funds raised will be used towards renewal of the Bunyu tenement licence fees for this year. And as you may have gathered, HC is the last place I go to for information
I'm not reading anything into the the postponement of the Framework agreement meeting... sometimes meetings get postponed for various reasons (including XMAS shutdown/holidays), and worth noting this is an election year for Tanzania so there could be a bit more movement in terms of people and positions in departments.
As far as ownership structure goes, it's likely to align with Tanzania's 16% Free Carried Interest (FCI) regulations, which is outlined in the Tanzania Mining Framework Agreement template. It will all come together once the funding / JV to develop Bunyu has been agreed and can be announced!
Whilst retail SH sentiment is low given the share price and market cap, there are actually some very positive developments happening in the background. And whilst many may not see it yet, the addition of Dom V as director has made a significant difference, which will become more evident over time. I expect we'll start to see some material outcomes come to fruition in 2025 and beyond. One example to ponder, $1.2m was raised overnight internally managed by the company by contacting a handful of T20 holders, no broker fees, no 4 week drag-out of a Share Purchase Plan only to see SH have another whinge. All done efficiently and quietly, and importantly gone to sticky holders.
VRC Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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