VMS 5.26% 1.8¢ venture minerals limited

good news, bad news ?, page-2

  1. 784 Posts.
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    Ha ha ha...sorry fancypants...had to laugh....Ventures iron ore is a high grade, but also has VERY low impurities...eg.....too much silica in DSO iron ore breaks down blast furnaces etc. also the price of iron ore is expected to fall to no less than $80 dollars per tonne......even if that scenario eventuates, that still leaves venture with a minimum of $30 per tonne which is still an excellent viable operation....There must be a very good reason for Ventures statement......i believe all will be revealed in future announcements....in the mean time fancypants.....stop being a chicken little and trying to ruin sentiment, otherwise there are those about who may take you as a member of the green movement! I for one am in the process of transferring a considerable amount of money to buy more Vms shares at these ridiculusly low prices ;-) Good luck to all
 
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