Go to bankruptcy..... straight to, no diversions., page-2

The long game for VMS is still tin. While the current tin price is unviable, the combination of circumstances that is depressing tin cannot continue indefinitely. Myanmar has flooded the market in 2014/2015 with low grade product, Indonesia has made noises about restricting supply to support the price but has in reality done nothing, China has become a net exporter of tin for the first time in ages as a result of the previous two reasons, and the result is a glut.

The current price is unsustainably low...smaller producers cannot survive at these levels, new projects will not be started, and Indonesia will eventually have to put their money where their mouth is and restrict supply. In macro terms, every analyst still says that there is a structural under-supply of tin on the cards...it's just that the entry of Myanmar's low-grade dumps (and China's willingness to buy it all up) has forestalled the impact of the inevitable supply crunch. When it happens, prices will have to return to the 25k + range...the question for VMS is what to do in the meantime.