Vanadiumcorp Resource Inc V.VRB

VEPT sale

[invest39]

VRB purchased the 50% interest for VEPT for $350K. With a 3% royalty for Electrochem included.   Doesn't put much value on the supposedly revolutionary process. Ultra power paid $500K for licensing rights and went nowhere with it. No entity is currently using the process. Looks like Electrochem is bailing and VRB is staying. We will see who was right. This stuff keeps going on and on.

[CanThisBeTrue]

invest39,The price was pre-agreed years ago based on the status of the patent approval, $350k was pre-approval, the price escalated upon approval.Now negotiations with potential customers have one less party to deal with.Another potential benefit is that once the US patent is approved approval in other jurisdictions becomes a formality.

[invest39]

CTBT,  I agree that it will make negotiations less complicated. But, I keep hearing about potential customers. Can not wait to see a living cash-paying customer. The Ultrapower episode didn't improve the prospects. The market will tell us.

[TheDog2]

Invest:  I totally agree that the value paid for VEPT really "doesn't put much value on the supposedly revolutionary process". It is announcements like this that have a temporary push on share price only to return to the normal lower share price.  I always find it interesting to look at the house(s) that tend to benefit from these announcements. Have you ever witnessed a

[MarkAble]

Without concrete results?? Huh. Have you not read the results of the recent PEA that exceeded even the best expectations based on historical drilling. This resource is of great value whether VRB or someone else (Blackrock for instance) develops it. If you think we're heading back to a lower share price then sell and move on.

[CanThisBeTrue]

thedog2,The price was agreed years ago so may or may not reflect the value but the price was to go up significantly upon patent approval in the US which has now happened. The right price is always a market call.Who led you to believe prosperity is just around the corner? Your imagination maybe?

[TheDog2]

CanThisBeTrue, have you ever called the office. If you have, how flowery have the responses been?  Have you ever heard something to the affect, that they are not allowed to share any more information due to regulations (without really asking for any inside informtion)? Hell, I went immediately to buy more shares (silly me - right).  I do wish you and other holders the best, but how many

[MarkAble]

Not sure what you are griping about here. Stock is up 100% from mid October. Maybe you bought your shares a long time ago at 30 cents or maybe a couple of years ago at 15 cents but hang in there - you will realize your initial investment and more before long. VRB is rich in resources and pertectly positioned for the revolution in renewables.

[CanThisBeTrue]

thedog2,I agree my comment was out of line. I have not spoken to the new IR guy so I don't know your experience.Yes there have been many twists and turns which might be interpreted as investigating possibilities.You could look to SEDAR for the changes in holdings. There is a few major shareholders that over years have shown confidence. I was surprised that the assays didn't generate more