Why is everyone so down on management?
I believe the all in costs are around US$70/t. With the iron ore price just above US$100 and falling fast the prudent thing to do to preserve shareholder value by re-assessing the project. If that means delaying production then so be it. This is a small resource and you can only dig it up and sell it once, why do so if you are only breaking even? Better to wait for an economic return.
After 15 years in the broking game this is the most competent management team I've come across (most in this sector are either hopeless or dishonest). I reckon we should be patient and have some faith that Hamish will always act in shareholders interest.
- Forums
- ASX - By Stock
- VMS
- good news, bad news ?
good news, bad news ?, page-8
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VMS (ASX) to my watchlist
|
|||||
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.01M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.7¢ | $12.74K | 749.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 3316221 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 1922905 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 3316221 | 0.017 |
18 | 3622250 | 0.016 |
8 | 3907162 | 0.015 |
3 | 1250000 | 0.014 |
5 | 1994067 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 1922905 | 21 |
0.019 | 1335348 | 8 |
0.020 | 1328116 | 6 |
0.021 | 1062999 | 3 |
0.022 | 2608154 | 6 |
Last trade - 10.09am 23/08/2024 (20 minute delay) ? |
Featured News
VMS (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online