Respectfully this constant pro-stance of TM should be archived. Optimism bias in investment thinking is valid to a certain extent but excessive optimism can be to our detriment We all know TM is very efficient but being at helm of Volt management, performance only matters to us and market for SP rise similarly as it matters for pay rise at workplace. How many years still Volt requires to start Bunyu project in full swing when the capital requirements is yet to cliched ?
We as shareholders should collectively insist on quick steps for finalizing Bunyu funding.
From 2018 to 2021 is a long gestation period in corporate market to sustain market interest and trust - the current SP represents this status. Market loses interest particularly when effective delivery on planned outcomes are not adhered to.
This is where Volt is sitting now evident from SP value. It is difficult to fathom why Bunyu funding was not accorded highest priority instead of focusing on acquisition. Below extract from quarterly report clearly indicates all positive points on Bunyu stage 1.
Low development capital requirement Near surface higher grade zone Simple mining method Can be produced using a relatively simple flotation process
VRC Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
(20min delay)