VMS 5.88% 1.8¢ venture minerals limited

1st shipment coming, page-21

  1. 2,971 Posts.
    lightbulb Created with Sketch. 1219

    As a long time holder of this stock and a believer of this company, I find it impossible to continue ‎hearing the same BS year after year....We now find we have a drill rig breakdown....I tend to ‎believe this is more BS, if you'll read through company announcements it means that the rig has ‎been broken down since late August....Also, I hear statements made that we now need to wet ‎screen our product. Well this should have been known 3 years ago. I also hear rumours that we ‎have to adjust our screen size for product to our off-take partners, hence the reason works ‎stopped at Riley.....I believe this to also to be BS, this should have been know for many years, as its ‎the same product supplied to the same off-take partner as FMG.

    During the shut down of Riley and Mt.Lindsey for some years, I congratulated the company for ‎seeking out other tenements in WA, rather than sitting out the Tasmanian Dramas.....Now we see ‎over the past couple years we are seeking more tenements both in WA and Tasmania....We are ‎clearly becoming a life style company....This time last year we were about to commence ‎production at Riley.......With all the talk about dry screening enough product to fund a wet screen ‎as we advanced into our resource.....Clearly people are not reading all the previous reports...All I ‎see is land banking at this point....I'm happy if anyone who believes the story can prove to me ‎wrong with any sort of time line.

    Since, being a holder I have seen 5 road shows......Still nothing eventuates, this clearly shows the ‎company is prepared to wash and rinse its share holders to maintain the same narrative......To ‎have spent over 40 million dollars on the Riley and Mt.Lindsey projects during the past 10 years or ‎so is testament that the company is just going through the motions as a life style company.
    I'm sorry to have to vent this on a public forum, but it appears that no one got any new information ‎from the AGM that would shine light on to future production prospect.

    I will give this company until December, then I will cash out. Continued broken and failed time lines ‎can only be swallowed for so long, but I will promise this I won't come back to post negative ‎comments once I leave.....I see no point in it....It only helps promote this site as a chat site for ‎investors. ‎

 
watchlist Created with Sketch. Add VMS (ASX) to my watchlist
(20min delay)
Last
1.8¢
Change
0.001(5.88%)
Mkt cap ! $44.48M
Open High Low Value Volume
1.7¢ 1.8¢ 1.7¢ $5.438K 313.8K

Buyers (Bids)

No. Vol. Price($)
19 3943773 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 1480467 10
View Market Depth
Last trade - 16.10pm 26/08/2024 (20 minute delay) ?
VMS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.