I've asked this before, how do you get funding for something that you don't have a feasibility study for? Where is all this certainty coming from around stage 1 funding?
IMO funding is largely done from a position of strength. What sort of deal do you think is achievable when there is little money in the bank and a $1.1 million secured debt? What cards does the company have to play?
And over the past 12 months I don't know how many times I have said this but I'll say it again : VRC cannot be shorted. In other words its not shortable, can't be done. The selling that has occurred over the past 14 months is just that, selling. And furthermore the weight of the selling pressure has been greater than the demand driven by the buy side so therefore the share price continues to fall. Plain and simple.
Next thing we'll be reverting back to Warren Buffet and Straw Hats in winter.......
VRC Price at posting:
2.3¢ Sentiment: Sell Disclosure: Not Held
