VMS: Riley Mine in TAS / Iron Ore Analysis, page-52

Beautiful stars are aligning for VMS.

Iron Ore price expected to be between US$150 to US$180 when VMS only need to be US$90 and Andrew hoping it to be US$100.

The 6.5M sell wall at 5.7c is the bullish sign ever.

Put it this way, if I had 6.5M and I really wanted to sell 6.5M, I would not put a wall at 5.7c as that will only drive the price down and if I really wanted to sell 6.5M logically I would sell at a higher price and in dribs and drabs.

I hold between 2M and 3M VMS shares and if I wanted to sell my shares that would be in parcels of 200,000 to 500,000, I would not put a wall if I wanted to maximise my profits.

The only reason I would put a 2M to 3M wall is if I wanted to scare people with the wall for them to sell them I would accumulate at a lower price.

Go VMS!!!

Merry Christmas everyone!

PS: I’m not showing off about my VMS holding but rather just trying to understand the psychology of the 6.5M wall at 5.7c.