"VMS" - Multi Asset Resources., page-662

G’day all.
been in VMS for about a month. So pretty new. I’m warming to the story here, but one thing is holding me back. Just not sure about management. I’ve read good & bad here. I was wondering if the bad were their fault, or circumstances beyond their control, like low commodity prices, etc?

normally I wouldn’t touch a multi resource junior. It’s extremely difficult for a junior to get even one resource up successfully. Just not enough resources to mange more than one at a time. Trying to do more than one has historically lead to failure, that’s why the market doesn’t like them either. However, I saw they’ve only got minority positions in some of the other resources, which is good. Then I see the IO has a very short LOM in 2 years, although I expect they’ll step out drill for more once they’re shipping (I hope).
so the IO is really only a means to a different end and that’s TIN!

so I’m quite comfortable with what they’re doing. I’d just appreciate some input on management and their ability (or not), to be able to bring something of the size and scope of their huge tin deposit into production.
if I become more comfortable with that, I will be buying more. Probably buy at least one more lot anyway, as the story is now compelling.

I still would prefer they spent those tin drill $ on something else (step out IO drills?). How much tin do they need?

cheers,
ned.