Bruce you may well be right given the current world economic...

Bruce you may well be right given the current world economic crisis. However I have a different take on VRC.
We were advised of the following;
"The Tianshengda offtake agreement is one of two binding offtake agreements entered into by VGT and there is a further offtake agreement in draft that is to be executed once development funding is obtained.
The combined offtake quantities under the existing and planned offtake agreements has completed the sale of product forecast to be available from Stage 1 production"

This to me should give any companies wishing to invest in Volt some degree of comfort provided these offtake agreements are water tight. Without these offtake agreements in place it would be unlikely to succeed in obtaining necessary funding.
You cannot do much more than have ALL of your graphite basically sold for the next 2 years.
Just my thoughts.
cheers