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19.0¢ vimy resources limited

Setup looking positive for a larger move, page-24

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6,333 Posts.

1776

30/05/19

13:47

Post #: 38825282
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Originally posted by RiskyBusiness: ↑

I feel it's way to high. Whilst I recognise they have apparently "high" calibre people I do find it a bit rich.

I'm down about 35% and have bought a few more over the last few months though so it's not a deal breaker.

Aside from CAPEX being a bit high I feel VMY is well positioned to ride any upturn in the market.

Would prefer to see them cut wages and/or possibly put some of their own money in at some point but I'd like that for ALL explorers/developers not making money.

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RB

In Jan 2015 they had SOI 210 with a MC 71m

2019 Jan

Share count up near circa 140% and MC is down 50% as are most in the space.

But Share price is down 85% due to dilution and bad capital management including the ridiculous salaries and G&A at VMY.

Alot less damage could of been here and another CR incoming.

VMY Price at posting: 5.4¢ Sentiment: Sell Disclosure: Not Held
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