So major gold stocks are up today (as is RXL) and VMC moving in the other direction...??
Not sure the market is placing as much value on VMCs ever diluting position at Youanmi as perhaps investors would like - RXL MC $60 Mill vs VMC MC $26 million. At some point, VMC will need to put its hand in its pocket and pay to maintain its position in the project and RXL hasn't been shy with its own exploration over the tenure. What's that going to cost???
Despite the 'great deal' they've supposedly done with RXL on Youanmi, I'm somewhat skeptical that VMC will come out on top.
VMC Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)