@Cashbacked Those 3 VRC MOU's are unlikely to become binding...

@Cashbacked

Those 3 VRC MOU's are unlikely to become binding offtake agreements and were signed and announced to pump the share price..we both know that.

It was all part of the plan to pump the VRC share price:
Step 1 - Pay premeium price for article in Next Small cap titled "We are the next Magnis Resources" - tick
Step 2 - Video interview with Stephen Hunt to explain why Magnis had no use for him and why he joined VRC. - tick
Step 3 - Announce 3 dodgy MOU's with Chinese companies - tick

VRC have constantly announced misleading information hence the share price went backwards after their resource upgrade. "Dear ASX, we would now like to announce that we have found 500mt of graphite but it will never be like Block F. We have also changed the names from Namangale 1 and 2, to North and South just to confuse people more"

@patience What would you have preferred, an offtake for the lithium battery industry with companies like Sojitz and Marubeni.... who specialise in refractory graphite for the steel industry and currently have zero historical significant sales in the lithium battery market ?


I will sell my shares if we sign an offtake with a refractory company. Shame.