I'm not sure any more if VMS has amazing assets it's never invested the time to exploit properly, or if AR does a great job of marketing the potential of those assets. I lean to the former not the latter though. What I do know is you cannot in any way trust timeframes put out by VMS - they are consistently missed - be it drilling programs or information about their development of Riley. They also do not release bad news - it's good news or nothing. 'assays pending' 'shipping imminent'.
There's delays with no explanation. last year around this time they were claiming shipping was imminent yet only a few weeks later they'd pulled everyone off site and given up on dry screening. The same could be the case with the wet screening - do we know? No we don't, because in spite of the clear significant delay there has been no update as to what's going on.
But costs do continue to be incurred and no revenue is coming in.
First Shipment, page-333
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