Surprised there has been no chit chat about the above Ann to market last week.
I see this as being a significant transaction especially in the mist of all the drilling that is currently going on, detail that has been announced and information pending an announcement.
Currently VMC are pulling core out of the ground, Management / Directors cannot buy on market during such times, however for some reason Mr Barry Fehlberg an Non Exe Director has elected to convert $200,000 of a loan agreement into 1,000,000 VMC Shares.
Also to note that the date for full repayment has been adjusted to 2nd Dec 2019 for the remaining $400K - 2 days after the .20c VMCOA options expire, bringing in $12Mill to the Co if the share price can sustain IMO +.30c (VMCOA exprie 30 Nov 2019, including director option)
This screams confidence IMO, bring on more news and more positive results!!
GLTAH in the short term.
JW
VMC Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
