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VMS: Riley Iron Ore Mine - Profitable or Not?, page-158

  1. 1,013 Posts.
    lightbulb Created with Sketch. 979
    I don't agree with the market opinion on here about blaming management being the cause of price drop.
    Somebody LARGE is hitting the Exit door.
    Bugger all amount of retail hitting the Exit door.
    I see it being manipulated or sold off for reasons that are privy to this large selling body.
    Plenty to look forward to so its a seller that is not interested in being part of what we interpret as a Co with plenty to offer for future.

    "Once the first shipment is completed, Venture will continue to work on continuous improvement programs for the following months as it ramps up production from one to two shipments per month," the company said.

    Why sell it on above and IO price is still fine. A$ exchange VG. Because you want to manipulate and/or you want cash in a hurry.
    AR said he negotiated a very deal on the shipping.
    Be good to see a VMS Top 20 and work out who is dumping and Buying?
    Between the cash from IO and TIN potential,NIL Debt, and throw in other for some cream we are cheap TO that is for sure.
 
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