VRC (ASX) VRC- A Serbian Lithium Story

Originally posted by Tremeer: ↑

Interesting response Poss....but let me correct you on one thing....the Cap city meetings with the Soph Investors were not organised that far in advance...in some cases the meetings were organised and arranged very close to the actual meeting dates.

It is of course easy to be wise in hindsight....except it was very obvious the SP was under considerable pressure and the Board knew it urgently needed a CR. The Board at Trevor's request should have requested a TH when the SP was tanking and sellers were strongly piling on...instead of waiting over a week or so for it to fall from around 3c to 1.8c.

The Market clearly was not moved by the 24M JDM and MOU announcement. I would say this is largely due to the fact that VRC has made many announcements over the last few years, that sadly have come to nothing.

Remember the Graphex MOU announcement in June when VRC said it "contemplates that within sixty days the parties will enter into a definitive offtake agreement" and "ngotiations are continuing with other parties for additional offtakesfor the Stage 1 Bunyu Project"...??

Then in late August VRC issued an ASX release saying " Graphex...has requested an extension of time to complete and sign the definitive offtake agreement contemplated under the LOI".....and guess what we have heard nothing since from VRC about Graphex.....with no other signed binding OFTA's from any other company's have been announced..

Is the Graphex OTA now dead?
Given the lack of any VRC update on this matter over the last 3.5 months...the Market certainly thinks the Graphex OTA is dead.

Similarly it was announced with great fanfare in early August that ZG was back in Production...which was terrific news"

Then in early September VRC issued another ASX announcement stating that "despite disruptions during recommissioning, ZG production is on trajectory to meet FY23 forecast graphite production of 8,000 – 9,000 tonnes".

And since that announcement there have been no further Production updates....and of course we assume we know why...Production ground to a halt.

So when you take this all into account along with other similar VRC announcements that to date haven't gone anywhere.....surely the VRC Board should have expected that the 24M JDM and MOU announcements wouldn't really have captured the Markets imagination and would have not have driven the SP north.

If the Board didn't know this would be the Market outcome with the JDM announcements...why didn't they know this?

And this is why VRC should have been better prepared with it's CR paperwork given you have stated Poss that it takes 3 weeks to get the paper work together and called a Trading Halt when the SP was riding high.

Instead VRC wasted the opportunity when the SP was around 2.7 -3c and sadly the rest is history....the SP has tanked now to 1.5c and shareholders have to put up with unnecessary and extreme share dilution.

Expand

Add to VRC now has US based CEO who likely know nothing bout ASX, ASX rules and majority of shareholders

No.	Vol.	Price($)
36	28673647	0.4¢

No.

Vol.

Price($)

28673647

0.4¢

Price($)	Vol.	No.
0.5¢	49000	2

Price($)

Vol.

No.

0.5¢

49000

No.	Vol.	Price($)
36	28673647	0.004
18	16311068	0.003
13	16741525	0.002
13	47567000	0.001
0	0	0.000

No.

Vol.

Price($)

28673647

0.004

16311068

0.003

16741525

0.002

47567000

0.001

0.000

Price($)	Vol.	No.
0.005	49000	2
0.006	23437210	29
0.007	8459051	9
0.008	5395175	11
0.009	5271154	7

Price($)

Vol.

No.

0.005

49000

0.006

23437210

0.007

8459051

0.008

5395175

0.009

5271154

(20min delay)
Last 0.5¢		Change -0.001(10.0%)		Mkt cap ! $18.71M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$9.351K	1.870M

Add to VRC now has US based CEO who likely know nothing bout...

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

AI stocks: What to expect in 2024-25

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Add to VRC now has US based CEO who likely know nothing bout...

Top Stories

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

AI stocks: What to expect in 2024-25

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News