Hi ironjack, Most of the moderated posts were irrelevant back...

Hi ironjack,
Most of the moderated posts were irrelevant back and forth between regular realists and a serial ramper.

While I don't think 2.7mil will finish these guys, this latest legal dispute will test the patience of the investors.
they have plenty of financial backers with deep pockets.

My concern is that the plan seems to be raise unlimited $ at 1c/share, buy up any shares on the market in a monthly fry up to artificially inflate the share price.

IMO this is a bubble ready to pop.
A couple more skeletons in the closet is all this needs for a big investor to lose faith and patience, pull out and then it will be very interesting to see how it plays out. We have already seen Mr. Ru pull up stumps.

This second dispute with BHP means the first dispute isn't going away either. Furthermore that contingency is not recognised by their accounts.

With yet another law suit
No contract win announcements,
Negative cash flow
High administration costs
Repeated capital raisings
Expensive long range exploration projects a possibility,

I'm not sure what VDM offers