VMS 4.00% 2.6¢ venture minerals limited

[IMG] Hasn't spent a long time above 9 to 10 USD a pound....

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    Hasn't spent a long time above 9 to 10 USD a pound. Currently around 9. If the project isn't a goer now it wont happen for a long time. Any move upwards in the price would have to be shown to be sustainable before development committed to and then they would have to find the funds. Unfortunately VMS has deposits that aren't viable without a major commodities rally and exploration targets that will soak up cash. I see price catalysts as significant massive sulphides in core at good grade (low chance) or a change in Thai rules (long term possible). I can see a cap raising coming very soon as they only have 1.3 mil. An asset sale such as the tin in Tassie would be great so they can focus on exploration but I am not sure if it has any value.
 
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Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
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