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Bullboard - Stock Discussion Forum Vanadiumcorp Resource Inc V.VRB

Alternate Symbol(s):  VRBFF

VanadiumCorp Resource Inc. is a Canada-based critical metals company. The Company is engaged in the acquisition and exploration of mineral properties in Canada, with a primary focus on the exploration of the Lac Dore and Iron-T Properties in Quebec. The Company produces a stream of quality vanadium electrolytes for Vanadium Redox Flow Batteries (VRFB). The Iron-T Property is located in the Nord... see more

TSXV:VRB - Post Discussion

Vanadiumcorp Resource Inc > Anonymous = Vrb Company Broker?
View:
Post by Imhotep1 on Sep 26, 2024 1:34pm

Anonymous = Vrb Company Broker?

By following the trades of the last months and observing the way of the selling and buying brokers, it seems very likely that Anonymous is the broker of the company (which probably need to hide their trading activities) who sells their new shares as huge discount regardless of the market price and at the all time low in order to finance itself to continue their operation.
 
In other words, it is the company that would be responsible for the price per share drops this year in order to survive because it is unable to sell a single liter of their junk from the production made in their new facility.
 
As an example just this week. Almost 5 last tradings days without trades, suddenly, one decided to buy 34k to reduced the ask sizes and an hours after that trade, the ask sizes increase by 120k. Why the ask size waited to increase after selling? My reading and could be wrong is the wall will never be beaten unless the company has managed to sell all its new shares issued to finance themself or finally, GET a deal to sell their junk. It look likes their last financing offer seems to be struggling. How bad? Well,
 
The company probably is desperated and squeezed to find funds. The drop in the price per share seems to be the least of their worries because if they can produced and makes sales to finally get some revenu, the only financing column to fill is EXPENSES. 
 
It took 6 months before sending samples to customers that may be interested of buying Vanadium  after starting their production last April. It was about time but never too late. The only question remains very simple :

When will the Vanadium production sales be?

At the moment, Anonymous look like to have a bottomless bag of new shares to sell, no matter what price they can sell as long as they finance themselves to survive. Let's try to put an offer at $0.015. Curious when it will be filled. Anonymous and company has probably that answer but also us by looking the market reaction and new releases by the company.

At the end, follow the ask size and you will get the answer. 
Comment by Imhotep1 on Sep 27, 2024 4:25pm
he boy, ask increase really significantly and no bid, to tell the truth. I hate being right. I was hoping for the first option which is this company was going to make a success story.   It seems I was too optimistic about the $0.015. It seems to be heading for a much lower price. VRB looks more like a sinking ship right now. Not a single customer interested in paying for a single liter ...more  
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