Tims been banging on about strategic partnerships for the last six months and what his come up with is a partnership with his buddy's in Brazil.
VMM is a small Exploration Company, basically a truck with a drill rig at the back and a couple of holes in the groud . To go from Explorer to full Mine Producer take on average 10 years, let say with Government assistance they can do it 5 years. So maybe in 5years from now we could earn a revenue in Brazil, big whoop.
In 5 years I'm hopeful that IXR would have Recycling plants all over the world and Makuutu has been producing for 2years and our share is around $1, so I'm not that excited what VMM may or may not do in 5 years
Tim better come up with bigger partnerships than this one with is mates, I has so disappointed that I sold 11mil shares Tuesday almost half of my holding, I took a 50k loss , it just feels like they are trying to pump the share price to do a Cap Raise, I'm hedging my money, If share price goes up with a decent announcement I'm happy, If there's a Cap Raise I can average down. Good luck everyone.
IXR Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
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