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Riley Iron Ore Mine - Progress, Photos and Calculations, page-486

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migKelly

33 Posts.

10

06/08/21

16:37

Post #: 55093360
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Originally posted by Charlieinvest: ↑

Hi all

Just had a friend remind me of a few things since we're talking about CHN and Thor. He had previously brought this to my attention

He said there is one common denominator to CHN and VMS, and it's cannacord who funded CHN and who were also underwriters to VMS, so if we think about the fact we got our funding straight after we did the CHN deal and if you join the dots, now we have cannacord buying up our loose hands and accumulating a fair share register.

Has to be something behind the scenes to all of this that we are not privy to.

CHN will now need to return to Thor this month to enable them to have results completed by November, they asked for an extension until January and were refused. They will need to spend a further $900k by June 2022. They will now rush all this through ASAP but I think they must now have a sneaky suspicion the epicenter could well be one of our leases.

And hence explain cannacord's sudden interest in accumulating VMS shares. Join the dots
It's a theory but it makes a lot of sense to me.

Expand

How do you know that they're actively buying up shares?
Aren't Cannacord just the brokers from that cap raise in January? I'm out of the loop

VMS Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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