Correct jag68... I am one of many serious investors&holders collecting unwanted VMS shares daily ... yesterday I have accepted 600 K and I have more than ever initially intended... but my investing reasoning has never changed:
1/ All the assets and fertile tenements are still here (safely underground till the off takers' prices will force our hand and
2/ unlike the world currencies are created by $Billions "out of thin air" daily ...by all major "reserve banks of new normal economies" ...
3/ the commodities are not produced anymore and are getting more expensive in L/T Commodities Super Cycle...
4/ I have a great respect for our Management, which steer us out of historical downturns ... accepting reduced compensation in the past... and all the time creating more potential by intelligent investing in new and fertile tenements eg in WA
5/ The Covid 19 conditions have minimized the activities and the waiting time for Lab results is at historical records
6/ The drive to exploration is correct one, IMHO, as it will de-risk our ESG U/G world class Tin Tungsten mine @ Mt Lindsay further
7/ When normality will come back the world economies will be in overdrive to catch up the the lost time and made up for shortages growing daily now...
8/ I have decided like most of serious and intelligent holders to keep away from the recent tantrums by accidental investors and traders caught by "market forces"... have most serial offenders/trolls on IGNORE but/ and agree with the poster on my another holding' thread:
"...There are so many idiots on here who are either a) clueless b) paid stooges c) irritating d) trying to recover their shorting losses and posting cack, that you put them on ignore, and when you click a thread which says there are new "useful" posts, there's nothing but a blank..." Post #:57015163
9/ Investment in Share market was always a tough business, especially for participants who do not like to research and are still unaware of the risks involved in the explorations and development... although the rewards can be HUGE... when successful...
10/ and it is becoming even more difficult recently as the number of day-traders and short term instant gratification dreamers is exceeding L/T investors by at list 10 X... and they are creating the short term market havoc by dropping the stock and running away... often blaming the managements for their own decisions... or conditions outside of the management/board control!
If they feel they must invest in ASX companies... they should consider safer stocks like eg TLS and 4 banks instead of commodities explorers and developers ...which are the most difficult and risky field ... especially for traders as there are many factors outside of the control by the most brilliant management and the most/any well educated investors/ GLTArealH
VMS Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
(20min delay)