VSR 23.1% 1.6¢ voltaic strategic resources ltd

Ann: First REE Drill Results Paddys Well, page-118

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  1. 2,837 Posts.
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    hi stormer, just wondering - what's your issue with VSR or general positivity around a held stock?

    Happy to take a contrarian view but is there any particular reason for the negativity?

    While nothing in ground is confirmed, the company has a nice foothold in a nice neighbourhood, actually a couple, albiet some a fair bit smaller. Clay Mets on the go, assays on the way. Also a pretty smart looking, likely contiguous spod hard rock Li deposit next door to one of their projects.

    The MCAP is quite low and there is a decent risk vs reward proposition on the table IMO. Management are taking a prudent and cautious approach with their REEs which is excellent to see, they could have quite easily locked in further work but without proving what is there, it could be a future disaster. I appreciate, things may take a little longer given the approach but it is the better way to go I think and likely to stifle bs hype that might otherwise see a shareprice crumble just as quickly as it rises.

    That said, I am using this time to try and accumulate more of a solid holding, so I dont mind the no hype approach. If what we have proves up solid...as we suspect.. then the SP will take care of itself in due course.

    Last edited by Romann: 19/04/23
 
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