- Joined
- 3 July 2009
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How bad is the weather, up where the project sites are, is the lack of info due to lack of access for drilling?
How bad is the weather, up where the project sites are, is the lack of info due to lack of access for drilling?Some valid criticism in other forums is that a DFS has not yet been completed for the Nechalacho site and the obvious large number of shares on issue dilute the share price.
Should be getting announcements soon RE: receipt of ore for processing and updates on whether or not they will proceed with their HREE acquisitions.
Not too sure.How bad is the weather, up where the project sites are, is the lack of info due to lack of access for drilling?
An update on VML progress, sounds like a long road, as we thought.
The main thing i want to see is product getting sold and having some cash flow towards expansion. Also a mine expansion plan to give us some scale to what they are thinking to would be nice. I always planned on a holding period to 2027/30 to see through the expansion phase.
2027/2030 expansion is way too long IMO... There are already MOUs dependent on output from Nechalacho on 2025. The original plan was for output by 2025.
At this rate, there will be other producers online with bigger outputs before VML..
Yep i do realise that, they do need to get a wiggle on a little bit. My plan was to give them a couple years of full production to see there potential. But things do change of course and im not silly enough to hold on to a company that sits on there hands and does not turn over a cent. We will have a better idea over the next couple years of vital future prospects.
All true waterbottle, I suppose it depends on the timeframe and amount of money being risked, this is my first flutter into RE and it isn't much.I agree.
I gave them quite a bit of slack during Q3/Q4 2021 given it was a new company, but I think we've all seen several other RE companies fly past VML in regards to share price. Granted there is only so much a company can do, but still - it hurts!
Personally, I've reduced the size of my holdings (I think most can glean why from my previous posts).
I think the other factor that long-term holders need to appreciate is the fact that management will change. Many investors, including myself, have placed their faith in Geoff's & the team's efforts and their ability to deliver. However, the timeframes that are being discussed in this thread are 5+ years. The probability that the same leadership will still be present over that time frame is slim, as it seems executives in junior miners tend to jump around and explore other ventures (as is the case with some of VMLs own execs).
Anyhow, there is a great potential here - no doubt. My fear is that it will remain just that - potential, never materialised. Hence my redistribution.
The OTCQB is the mid-tier OTC equity market, which lists primarily early-stage and developing companies in the U.S. and international markets. OTCQB companies must meet certain minimum reporting standards, pass a bid test, and undergo annual verification.Hey could someone please explain what the otcqb listing in the us means? Is it a platform to trade vital metals asx listed stock in the us?
Back above 053 could see some "quick" action in my humble opinion.
Gee @barney , haven't you heard?Then 060 can be taken out in an orderly "break-out" and I can afford to eat steak again!
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