Member Info for CRK22

Rio Tinto tailings plan is small potatoes for them and not indicative of them making big waves in the Lithium space but IMO is indicative as you say of a forecast shortfall in Lithium. The term of interest to me is Battery Quality Lithium. Not aware of what quality Li RT will be looking to produce.

Daz,

Thanks for the post, that's a more rounded picture of the risk. The view on funding over the whole LOM (10 yr+) would need to be clear at the outset of the initial DMS funding i.e. SC IMO will only fund their portion of stage 1 if they're clear on stage 2, the complexity will be in whether there is sufficient confidence for II and PI investment community to carry it forward.

I'm in a wait and see (hold) sort of place on this but understand that for some this may mean they look to exit the shares they hold if they hit an acceptable exit SP.

Your point is taken regarding point of view of stage 1 funding round however

Huntin' wabbits Fingers?

I make it 2-3 years DMS followed by 6-7 as Joe says, it'd be pessimistic in the extreme to project the entire LOM as only being the DMS only related ore.

Mid November I can't see personally based on reasonably sluggish deadline performances to date but hey ho I wait patiently open minded.

To be fair though Chardy the spread hasn't shifted and only one of the sells is 3m, its hardly Nostradamus territory

That's no moon.......

Holding up ok today. Hopefully some upwards creep over next few weeks.

I own 100 shares having complete control of a car and the value is 10K
someone is gifted 100 new shares in the car
There are now 200 shares, the value of the car is still 10K but my share is now 50% of that

I can't see how new shares in issue can do anything but cause dilution.

Volume on KOD so far today circa 64000000 - SP increase 18% vs SP open 0.05p
Volume on PREM = 2,864,006,763 - SP increase 63% vs open SP of 0.1p

So not entirely dissimilar stocks, massive volume difference.

I'm not convinced that modest volumes make huge swings? This has me scratching my head.

I've been back through the charts in the past and seen less movement on much greater volumes but one way or another I don't mind at all as long as we're moving upwards.

I'm keeping my fingers crossed M-RSI I hope this rally pushes on like PREM, that'd be nice

Tiny volumes, don't think 10x that would make too much impact IMO

BIib that's where I'm at - the trade off between averaging down and more cap at risk. The amount required in order to average down in a meaningful way is too much but for anyone with ammo they are prepared to fire with and miss its not a bad spot IMO provided the AIM punt nature of the investment is kept at the forefront of one's mind

Thought it might be useful in light of slipping SP to list a few irons that VRS have in the fire. I've just gone through some RNS's back to around 2017 to make it. If anyone wants to add to it then OK. These just capture some of the sectors we are in collaboration with:

Refractory
Global Apparel
Global Automotive components
Oil and Gas Exploration
BP Polymers
Optoelectronic
AECOM
China Railway
Sports and FAshion
Global Chemical

Quite a spread there

Better average than most Dave. Fingers crossed

The minute VRS moves from research collaboration to sales we'll take off. The more collaborations the better. Its a numbers game and the more we collaborate on research the better the chance of a hit.

Nice to see a few buys come through. Spread has come in a chunk too. The MM's must be trying to encourage buys and are getting their reward.

I'd be amazed if there was anyone not currently underwater on this share as its in a typical junior miner pre funding phase and at current SP can't be anything else. 17th Nov for ESIA clearance I'd also expect to make little impact and MLA submission same again. I believe the impact we're waiting for will be after the funding plan becomes concrete one way or another i.e IMO a combination of forward selling, loans and shares with whatever dilution impact that brings.

Could be a change of heart Olly, hard to bite the bullet and swallow the loss, perhaps a change of heart?

SorB and BiB its more common than you think. Same boat for me and I'm sure others. Fingers crossed , the underlying punt has not changed as the fundamentals are what they were when I jumped in last year but SP is prone to sentiment and confidence - we haven't actually had any material bad news to this point . MLA just around the corner and the elephant in the room remains funding which despite assertions one way or t'other is not known at this point. Funding will be the crucial event IMO.

Anyway, am prepared to lose the lot if it tanks from here but would like to reduce exposure if I get to break even and leave a wait and see chunk behind. Time will tell