I will go along with your comments, PB. The interesting thing, now, is the gradually escalating U3O8 price as against the flagging VMY sp.
Frankly, an investment in VMY has been a disaster for EVERYONE at today's sp, show me a winner.
The 'obvious' answer is that VMY is a buy based on institutional forced-selling, we've all heard the message, BUT, I'd like to ask if anyone has any thoughts about the expenditure on the Alligator River project? I know, we must do R & D, which is what this is, and the last capital raise was for progressing the Alligator River project, but is it prudent, while VMY's sp is in a hole, to go out and blast our last remaining funds up against an uncertain wall, when, whatever the result, more funds are going to be needed in the not very distant future if we continue on this course?
I'll assume, for the sake of the exercise, that VMY has 'letters of comfort' in the event of disappointment at Alligator River.
B22.
- Forums
- ASX - By Stock
- Ann: Presentation London and World Nuclear Association Symposium
I will go along with your comments, PB. The interesting thing,...
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus