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vincerli

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08/10/20

08:15

Post #: 47929010
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Originally posted by posiedon ark: ↑

As a long time holder of this stock and a believer of this company, I find it impossible to continue ‎hearing the same BS year after year....We now find we have a drill rig breakdown....I tend to ‎believe this is more BS, if you'll read through company announcements it means that the rig has ‎been broken down since late August....Also, I hear statements made that we now need to wet ‎screen our product. Well this should have been known 3 years ago. I also hear rumours that we ‎have to adjust our screen size for product to our off-take partners, hence the reason works ‎stopped at Riley.....I believe this to also to be BS, this should have been know for many years, as its ‎the same product supplied to the same off-take partner as FMG.
‎
During the shut down of Riley and Mt.Lindsey for some years, I congratulated the company for ‎seeking out other tenements in WA, rather than sitting out the Tasmanian Dramas.....Now we see ‎over the past couple years we are seeking more tenements both in WA and Tasmania....We are ‎clearly becoming a life style company....This time last year we were about to commence ‎production at Riley.......With all the talk about dry screening enough product to fund a wet screen ‎as we advanced into our resource.....Clearly people are not reading all the previous reports...All I ‎see is land banking at this point....I'm happy if anyone who believes the story can prove to me ‎wrong with any sort of time line.
‎
Since, being a holder I have seen 5 road shows......Still nothing eventuates, this clearly shows the ‎company is prepared to wash and rinse its share holders to maintain the same narrative......To ‎have spent over 40 million dollars on the Riley and Mt.Lindsey projects during the past 10 years or ‎so is testament that the company is just going through the motions as a life style company.
I'm sorry to have to vent this on a public forum, but it appears that no one got any new information ‎from the AGM that would shine light on to future production prospect.
‎
I will give this company until December, then I will cash out. Continued broken and failed time lines ‎can only be swallowed for so long, but I will promise this I won't come back to post negative ‎comments once I leave.....I see no point in it....It only helps promote this site as a chat site for ‎investors. ‎

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i hear you pos. thats why i did not and will not put another cent into vms last cr or any future ones. it appears life style co for bod and the bs and broken promises from ar just continues year after year. ive been here since 2010. not selling out of spite but wait for next spike in sp and concider then. ar needs to choose vms or his other job imo. not happy jan!!

VMS Price at posting: 3.1¢ Sentiment: None Disclosure: Held
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Last 1.1¢		Change 0.001(10.0%)		Mkt cap ! $29.39M

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1st shipment coming, page-22

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