Australia's largest stock trading and investment forum Australia's #1 stock forum

VMY

Click for more information

0.00%

19.0¢ vimy resources limited

Please think long term. Finding value and having patience is the...

First 42 Last

Share
Profile

Follow
nitrogeon

2,250 Posts.

302

19/11/21

11:30

Post #: 57698171
Share

Originally posted by RobThomas: ↑

People are saying the offer is low ball but the market doesn't think so. If you've got one in the bag at 30 cents and you're saying you're worth more you shouldn't be trading at 28 cents.

If DYL share price goes for a run and VMY doesn't because the current board is showing no sign of getting the project moving we'll end up getting fewer DYL shares. Rejecting DYL so readily (according to JB) was a naive act.

I can only assume there's a better ballpark offer going through the dataroom, and that's going to be Paladin or Boss? Cameco? I've done the US company shareholder thing before and its a right pain in the arse.

If there's no clarity over the next couple of weeks nothing will happen until February due to Christmas. And with the current management its just marking time and trading sideways until another strategic review is gathering dust on the shelf. This amount of dithering shown by VMY instills no confidence, but the longer it takes the better for them since it is literally money for absolutely nothing.

Expand

Please think long term. Finding value and having patience is the key to making money in resource stocks. I want VMY's Board to extract maximum value for shareholders and not accept the first lowball offer that comes along.

VMY Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

RBA holds rates as ALP election campaigning kicks off – expect more political focus

BMO

Bastion picks up historic samples grading up to 9.88% Cu from ICE Copper project in Canada

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MBK

Metal Bank JV ink fresh exploration permit in Saudi Kingdom

There are more pages in this discussion • 79 more messages in this thread...

First 42 Last

Add VMY (ASX) to my watchlist