Australian (ASX) Stock Market Forum

VRX - VRX Silica

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Mentioned VRX a couple of day's ago @ 0.225/0.23c as now @ 0.25c +4% this morning with near term offtake agreements/low cost production coming heading into 2021
(I feel that this is a genuine, quality growth stock to hold for coming 6 months or so that could easily be worth $1+ by then imo). DYOR

Cheers tela
 
 
Quite interesting @Telamelo, never considered silica: big scale, long life and with growing regional market, extant infrastructural advantages (power, water, rail, port)
T/A hindsight: there was a good argument for buying this around 10c for anyone confident of the fundamentals. Current chart strong though following the break above 15c. Another one for my crash list if it continues to check out.

All Data Monthly
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VRX Silica Ltd a silica sand project developer, has recently welcomed a new Top 20 investment in the company by a strategic European investor having acquired a 3.5% stake holding.

The new investment follows due diligence inquiries on the company and its Arrowsmith North, Arrowsmith Central and Muchea silica sand projects, north of Perth, Western Australia.

https://www.marketindex.com.au/asx/vrx

VRX are slowly but surely ticking off all the boxes with potential offtake agreements in the pipeline that could happen any day from now imo

DYOR .. Cheers tela
 
Telamelo said:
Here we go..

VRX now @ 0.31c +10.71% perhaps some good news on the way soon!? Hope so..
Click to expand...
Anticipated big news around the corner (so am told from today's webinar presentation) which explains the sp jump this afternoon with some late big buying coming in...

Should be an exciting few week's ahead with quarterly report due as well.
 
VRX webinar presentation from Melbourne alluded to big news just around the corner so to speak as thing's being finalised regarding offtake agreements, final EPA approvals etc. with view to being in production by late 2021 (word is that silica sands project funding is all sorted/finalised am told so no cap. raising needed). Don't be surprised if VRX sp shoots up past 0.50c+ soon imo (just saying as some big announcements in the pipeline coming). I've loaded up below 0.30c and ain't selling till 2022.

Good Luck! but take care as with any investment and please DYOR

Cheers tela
 
VRX sp crossed above its 200 day moving average yesterday, improving its long-term outlook by crossing above that critical trendline.

This will be noticed by chart/technical analysts coinciding with VRX inclusion in MSCI Small Caps Index as of now :)
 
Telamelo said:
VRX sp crossed above its 200 day moving average yesterday, improving its long-term outlook by crossing above that critical trendline.

This will be noticed by chart/technical analysts coinciding with VRX inclusion in MSCI Small Caps Index as of now :)
Click to expand...
Recent VRX sp action looks really good/positive.. seems headed to 0.30c soon imo

Market depth reflects bullish 3:1 ratio of buyer's vs seller's :)
 
Three of the WA silica sand projects: Arrowsmith North, Arrowsmith Central and Muchea, have a confirmed mine life of 25 years and the potential of being in production for about 100 years.

At present VRX has a combined 1.056 million tonnes of resource at grades of between 99.6% and 99.9% silicon dioxide (or silica), with low iron impurities.

All the projects are located between Geraldton and Perth. Market Cap is $140 million. But it is still early days, with the usual hoops to jump through.
Offtake
Interest in the Company products from Arrowsmith North remains incredibly strong and continues to grow. Demand for significant bulk samples for final furnace testing, which is regarded as the last quality assurance test before supply contracts are agreed with potential offtake partners in South Korea, Japan and Taiwan, has led the Company to undertake a substantial pilot plant-scale testwork program on 1 tonne of Arrowsmith North ore. Some samples have been dispatched and further samples are waiting on final Particle Size Distribution estimate and mineralogical assays
Click to expand...
 
This stock now 0.165 intraday. Dropped a bit today on release of Qtrly and cashflow.
Still got $9m cash, no debt, getting a bit of grant funding from govt.
Silica sand for glass, kiln moulds and cement. Glass, increasing demand from solar panels.

I've maintained a mild watchfulness for a possible LT investment given the envisaged long life of the project and our proximity to Asia advantage. Certainly hasn't done anything for any early LT investor; bit sick of story stocks. Quite expensive for a pre-financing developer with over 500 million shares and $100m market cap. Have to get really cheap, like 10c, or maybe a compelling chart change with the allure of selling a portion for a cheaper carry price. Don't mind missing out.

Not Held

All Data Monthly
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@frugal.rock has kindly reminded me of this stock. I'd forgotten about it - isn't that so often the way? ?Maybe we should make lists of stocks we've forgotten about and scrutinise their charts, lol. Spike today on an announcement that I've yet to read, but intend to do so.
Spikes in a chart like this fade more often than not, the more so given it's tax loss selling season. But might be worth considering if there's a fade? It has gapped up above 4 months of resistance @ 0.12 here.

Not Held

DAILY
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