well, I am out, taking a ~40% loss on my position.
I have lost both patience and confidence with VWM and its management. I agree with some on the board here - I do not see a well defined strategy, and the Novienindo Copper Project Update (by the way: update? Did I miss something?) or the shareholder meeting proove my words.
The quarterly cashflow report stated a decrease by 732 k in the first quarter, and with 1851 k left guess what?
Maybe new shares will be issued, dilluting my stake? The Cinese are well off, they just wait and see, buying the best parts at a bargain?
Anyway, that is not my cup of tea anymore, good luck to those invested either long or short, I am off. There are many other companies to invest in, I do not get emotional with a stock. Like Gekko said: "I don't like losses sport. Nothing ruins my day more than losses... "
VWM Price at posting:
7.8¢ Sentiment: ST Sell Disclosure: Not Held