VRX 3.23% 3.0¢ vrx silica limited

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  1. 4,283 Posts.
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    Arion, you have been hoodwinked haven't you.
    When you say "Thats not normal with a stock near production", you do realise that we are still waiting to progress stage 3 of the epa process don't you? - there are 5 stages, then 6 months to build a plant (AT BEST), then a test period then production. IMHO, we will be lturning commercial sand around 2024 (calender year). So then with a year end at June, the first trading year will be at a loss. So gotto wait until 2025 for a full year at A Nth. Hopefully by then, we might have got to stage 3 for Muchae and the cycle continues re set up costs etc.
    So anyone relying on dividends as their source of income will have to wait for a very long time (if we aren't bought out by then).
    Only hope is if the sp rises above 50c for me.

    IMHO & DYOR.
 
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