VRC- A Serbian Lithium Story, page-9

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darcy7

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19/11/21

11:46

Post #: 57698924
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Originally posted by possum2: ↑

r3s0urc3,

""LOL...has it ever been this quiet here, right after an announcement""

I reckon mrwalker sees things pretty clearly and I think he summed it up pretty well yesterday in this one paragraph;

""Keep selling into the market at these prices and what do you expect? The S/P will not appreciate. Dry up the supply because you believe in what you have invested in and the opposite will happen. M/C will quickly rise, Mr Bank then says "oooohh, that was the last box we needed to tick Mr Matthews, 40mil is nothing compared to the valuation of your company, here's a cheque.""""

Shareholders are their own worst enemy because ultimately they decide if the share price is sold down. The person who dumped stock this morning is a shareholder. He and whoever has been selling lately obviously believe that the current 75 million mkt cap is too Expensive.
Those shareholders that are choosing NOT to sell BKT with a market cap of 183 million obviously believe it's too Cheap. Interesting isn't it ??

How does anyone value a junior company. Probably the most popular way is by drawing comparisons with other companies that have similar assets, situated in similar parts of the world. That is why I have chosen BKT as a good comparison. The two companies are very similar in that respect.
Infact they could not be more similar . Both are graphite companies located in Tanzania . Both have been trying to get funding to build their plants. The fact that one can have a market cap 145% greater then the other is just crazy stuff.
But if you then throw in the additional assets that VRC currently enjoy ; An operating graphite mine producing revenue , a gold asset adjacent to a 360 million mrkt cap company, and a newly acquired Lithium interest next door to RIO Tinto .
When you add all of those to the equation and you still have a mrkt cap of 145% less, then it borders on stupidity.

Why current shareholders would be selling their shares at these prices is a question that I cannot answer. But if you want the share price to rise , if you want the chances of getting funding quicker, if you want this company to become a major player in the battery mineral space { because we have all the ingredients to be just that } that can only be achieved by one action . Trevor has accumulated a good asset mix, he has laid the foundations for which to build on . But he cannot stop shareholders from selling their stock. That is their choice.

Cheers.

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Hi Possum
Yes I agree ,I spoke to a broker mate and he also agreed that it seems difficult to understand how two Companies
with similar Assets can be valued so differently..
Plus VRC has an operating graphite mine producing revenue , a gold asset adjacent to a 360 million mrkt cap company, and a newly acquired Lithium interest next door to RIO Tinto .
The mind just boggles

VRC Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.3¢		Change -0.001(25.0%)		Mkt cap ! $14.05M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$5.13K	1.649M

Buyers (Bids)

No.	Vol.	Price($)
18	25591242	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	1500000	3

View Market Depth

No.	Vol.	Price($)
18	25591242	0.003
12	15408846	0.002
4	30200000	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	1500000	3
0.005	17129982	19
0.006	8228903	10
0.007	7036927	4
0.008	1340000	3

Last trade - 16.10pm 26/06/2025 (20 minute delay)

VRC (ASX) Chart

VRC- A Serbian Lithium Story, page-9

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VRC- A Serbian Lithium Story, page-9

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