Hi Rusty and Ark,
There maybe a difference of opinion on the deposit and what to do next, but we are all on the same team.
We are all wanting to maximise SH value ,and I understand the previous BOD never did that.
The new BOD ,have only been there for a short while ,and I agree Ark, that I think they have plenty of targets already.
The deposit could be much bigger than we know ,but my thinking is this:
We are a microcap explorer, and not a big heavyweight miner like RIO ,or BHP, therefore cash and cashflow are the life blood of a
small company like VMS.
Ark, you are correct in that that $12M cash is precious .Unlike the big boys who can do several things at the sametime ,like develop and explore,
we cannot.
Getting some cash in the bank by a DSO operation seems logical to me ,and not being as savvy in this area Rusty ,I defer to you.
Would a large deposit like this have easy areas to dig up and DSO, like shallow, low strip ratio, good mets in some patches ,that can put money in the bank
and then explore later to grow the MRE?
You guys are on another level in this play ,but we are all SH ,and on the same team !
GLTAH.
- Forums
- ASX - By Stock
- Ann: Another Record Drilling Result 57m @ 3430ppm TREO
Hi Rusty and Ark,There maybe a difference of opinion on the...
-
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VMS (ASX) to my watchlist
|
|||||
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.01M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.7¢ | $20.48K | 1.204M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 3553466 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 1399885 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 3554001 | 0.017 |
17 | 3422250 | 0.016 |
8 | 3907162 | 0.015 |
3 | 1250000 | 0.014 |
5 | 1994067 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 1399885 | 19 |
0.019 | 1335348 | 8 |
0.020 | 1316500 | 5 |
0.021 | 1062999 | 3 |
0.022 | 2608154 | 6 |
Last trade - 15.52pm 23/08/2024 (20 minute delay) ? |
Featured News
VMS (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online