VMG 0.00% 0.1¢ vdm group limited

Ann: Notice of Annual General Meeting/Proxy Form, page-2

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ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 1,158 Posts.
    lightbulb Created with Sketch. 53
    Some interesting info in this announcement from the horses mouth with respect to the Copper exploration project:

    - Not expected to generate revenue in the immediate future
    - Exploration expected to take several years and cost $25m
    - Will be funded by CR and further dilution (what a surprise)
    - Seabank would become another major shareholder (with further dilution of course)
    - There is limited exploration history
    - Won't hold title over the project (could be disastrous in the event of a falling out with JV partners)
    - Expect to incur losses on the project until such time as it can successfully generate revenue (which is not in the immediate future)

    Interestingly, I can recall most of these things being mentioned on here before and scoffed at but certain posters...
 
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