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20/10/21
10:26
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Originally posted by Charlieinvest:
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BSX is certainly doing well. MC over $200 mill now VMS MC $68 mill Makes you wonder how much attention AR is giving VMS compared to his other "babies" Unfortunately for me VMS is now heading down the same path as so many other mining minnows. I have a lot of theories but I won't share them because they could be classed as defamation and definitely unsubstantiated. Once again I'll write a list of outstanding issues in case anyone from VMS management is reading because they obviously still don't get it. I hope they're not counting on their remuneration packages being approved by shareholders this time around. They're hopefully about to get a rude shock based on my discussions with other shareholders. 1. At what price point do we get Riley back up and running. Surely can't be that hard to work out and something I would think is critical for VMS management to know. Considering bow important Riley was to our cash flow. 2. Where is the plan for Mt Lindsay. Tin is going gangbusters and all we get is fluff announcements. Where is the hardcore plan for the Tin so that the market can start paying attention. 3. Where are the Mt Lindsay drill results- Yeah testing delays , heard it all before. 4. What other drilling is currently being undertaken at Mt Lindsay 5. Where are the GGN results or are they going to be hidden in some back page of the quarterly. What is the plan for GGN. 6. Why haven't we been told what the first shipment at Riley made for the company and have we now been paid all our money. Why wait for the quarterly if they know the answer now. 7. Where are CHN at with returning to Thor. More clarification required for our deal with them. Way too many ambiguities. And we want clarification that CHN will not be given any more extensions. Is Odin part of the same deal because it would appear it is. Way too much secrecy in this department and hints at my theory about what's happening. 8. What is the plan for Kulin. This should be a priority along with Mt Lindsay. 9. Why did we buy more land around Kulin when we haven't done anything with Kulin yet. Is it just to show they are doing something. 10. What is happening with Livingstone 11. What has happened to Caeser. It no longer appears on the VMS webpage. Have we now walked away totally or do we still own a small part of it like I had heard. Once again there is no clarification from our office. I was originally led to believe this tenement is highly prospective based on the first couple of drill results and now suddenly it's not. 12. It appears we continually jump all over the place with no clear plan. Almost to tell shareholders, look at us , we are doing lots of things. But none of it is of any substance and has certainly not added any value to the share price. The opposite actually. It can't all be blamed on the Riley shut down. That's not the only reason the market has ignored us. 13. Where are the updates on Govt funding applications. I am led to believe they just need to update the feasibility post 2018 to be eligible, Does the company not believe this is a worthwhile piece of information the shareholders should know. 14. At what point does management make VMS and it's shareholders a priority. This is not a lifestyle company and I am not going to let this go until we see some action. If they thought they will just do what so many other Boards do, they will be sorely mistaken. Tie for them to employ someone solely focused on VMS. We need a dedicated go to man. Not someone with his finger in lots of pies. For those that might think I'm being a bit hard or banging on a bit too much about it, I don't really care. These so called Directors are controlling my money and my investment and If I feel they are not doing things in the best interest of the company and shareholders, I will keep calling them out. I plan to do more then just post on HC but I will leave that for another day and see what happens between now and the next few weeks to see if anything changes or improves. Happy for anyone to add to it or pull me up on anything they feel I have unfairly or wrongly written.
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Great post Charlie, You only need to look at the MC, the amount of announcements and the sentiment of BSX to know why our sp is nowhere. Their CEO has the ability to move their projects forward at a rate the market appreciates. This is why their MC is 3x that of VMS even though their project is smaller than Mt Lindsay and nickel is half the price of tin. He is talking to governments to progress the company, keep shareholders informed. AR is hiding in a cave somewhere or working on his side hustles. He basically doesn’t give a s..t about holders. He is on his fat million a year and that is all he thinks about. I’m surprised other top 20 haven’t got together to get rid of him yet. He has been a failure. The market has realised after the Riley debacle that AR is nowhere. They know he needs to be moved on. They see through all his fluff these days and holders are being punished for it. He clearly is not up to the job. The feasibility for ML should’ve been started 12 months ago. As for the drill results, he should be sending them to different labs if the current one is too slow. Other miners are still getting results after 6 weeks where it takes 6 months for VMS results.