VMM 4.62% $1.59 viridis mining and minerals limited

Ann: Half Yearly Report and Accounts, page-23

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    My rationale as follows.

    1. Lack of discernible achievements by management.
    2. No evidence of bringing a project on line.
    3. Underlying commodity prices plummeting.
    4. On-going requirements for capital raisings to cover OPEX & project acquisition costs.
    5. Ludicrous amounts of “performance shares” with seemingly low hurdles.

    Should I go on?
 
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