VMS 5.26% 1.8¢ venture minerals limited

trading halt !, page-33

  1. 660 Posts.
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    No doubt people are going to look after their own interests in any deal...good on Dale for doing so.

    The salient question, though, isn't whether or not the company is being diluted, but rather, whether the up-sides that attend that dilution justify it.

    The up-side in this case seem to be the capacity to move ahead at speed with proving Big Wilson (without having to wait for DSO money to come in)...if the first drill result is confirmed, then this is a very substantial up-side (not only to future profits, but to the SP as well).

    The fundamentals for this company are just as strong post this capital raising as they were pre the raising...if not stronger. The tin, tungsten and ore are still there, waiting to be mined...and the money (and influence) coming from Dale improve the chances for a successful transition from exploration to extraction.

    Just my 2 cents.
 
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