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5.88% 3.6¢ vrx silica limited

I'm hearing SFR want a farm in deal. 70/30. They agree on the...

  1. grahod
    6,005 Posts.
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    25/08/13
    18:56
    Post #: 12241720
    I'm hearing SFR want a farm in deal. 70/30. They agree on the percentage but not the additional upfront cash. Still negotiating.

    SFR need the ore and VRX need a major involved to get the show running, otherwise massive dilution to fund capex costs.

    In the mean time it's shaping up to be a quality deposit. Trading halts don't stop the drilling.

    VRX Price at posting: 31.2¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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