let´s get a bit perspective...CR and dilution is inherent to the junior mining business. Mulga Rock is fully approved, so if they can sign take-off agreements and hit a few nice drills in Alligator project, Vimy is a Disallowed in 2-3 years. If Vimy cannot sign take-off agreement before its license expires in two years, then, we, as Vimy´s shareholders have a big problem.
I invested in Vimy, because I think they will build Mulga Rock mine (s232, U price will go up after s232 decision and needs $50-$60 so supply can meet demand, etc.) That´s all.
VMY Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
