VRX vrx silica limited
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As we approach the VRX AGM in November, I believe it’s crucial...

  1. BoraxKid
    30 Posts.
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    08/08/24
    01:45
    Post #: 75117711
    As we approach the VRX AGM in November, I believe it’s crucial to establish a space for all general discussions. This AGM is shaping up to be particularly significant, and it's essential that we all have a clear picture of what's happening.

    Recent context:
    - Director fees have been reduced by 50%.
    - Operating expenses have been reduced.
    - Entitlement offer revoked from 7¢ to 5.5¢.
    - Successful 2.46m underwritten entitlement offer.
    - Entitlement had 16% taken up and 84% unsold.
    - VRX/EPA still in discussions regarding updated Rts.
    - VDT trials have been impacted by bushfires.
    - 2.66 quarters of funding as of 30/07/2024.

    I'm sure I've missed stuff so please feel free to share any additional context you think might be relevant.

    DYOR & IMHO
    Last edited by BoraxKid: 08/08/24
    VRX Price at posting: 3.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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