VMS 7.69% 1.4¢ venture minerals limited

Why Governments Will Support "VMS", page-38

  1. 1,158 Posts.
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    And that right there is the issue the market has with VMS and the issue I currently have with management.
    There is absolutely no direction or planning presented to the market and to shareholders

    1. Where are the GGN results and if they're good what's his plan for this tenement. Well overdue
    2. What is happening at Riley. At what price will he get the operation up and running again. Is it purely on care and maintenance at the moment. Could he be stockpiling material in readiness for shipping if the IO price improved further. Right now we don't have a clue because no update has been given.
    3. Where are the drill results from Mt Lindsay- Well overdue
    4. Are we drilling the other 10 target holes at Lindsay.
    5. Where is the comprehensive plan for Lindsay. Timelines, etc
    6. Where is CHN up to with returning to Thor
    7. What is the plan for Kulin. It would seem madness not to start the EM's and progress to drilling. This could be a company maker all on it's own. Imagine if the EM's showed another Julimar or better still it shows this could be the epicenter of everything. CHN hit a high of over $3 bill MC just on the Julimar discovery alone. Surely at least getting the EM's started deserves more attention.
    8. What Govt funding have we applied for
    9. Where are we at with Govt approvals for Mt Lindsay
    10. What are we planning to do with Livingston
    11. What are we planning to do with the portion of Caesar we still own.

    I'm sorry if this all sounds a bit too critical of VMS but please look at the share price and then ask yourself if you think it's fair that they haven't bothered to outline a comprehensive plan for the company. There is no plan and the share price reflects this. It's not just the suspension of mining at Riley that's brought us to this point.
    Remember Mt Lindsay has over $5 bill of resource in the ground based on the small percentage JORCED so far and will only get bigger but yet the market doesn't seem to care.
    I'm not having a great day in case anyone's wondering and everytime I look at the price and see 4.8/4.9 c, it makes my day worse.





 
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