The mgmt must be terrible hey?? I say this as an inference, because this hasn't moved much despite RXLs J.V success plus VMC land dominant land position.
I think this company might be cash hungry also. I'm not surprised with all their tenements. I'd like to see them do better J.Vs going forward to try and limit the burn.
Because I think they can do J.Vs and raise capital with their tenements. When you consider the high grade nature of the endowment I think it opens up smaller deposits to potential development which is appealing.
Finally the price is stagnating because a cap raise is coming... But before you can say "piss off you filthy down tamper" no this.. I bought a parcel today incase VMC management have gotten the placement away to an insto.
They could really do something these guys. 150 mill shares only it could happen quickly once they start kicking goals
VMC Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
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