Really starting to wonder wtf are VMC doing & if they even want the sp up, at current price of 18.5 we are no better off than back in march before any drilling even started, are they not looking at what steps RXL directors have done since the JV you cant fault them, promote promote promote, have got themselves a solid broker behind the story, a research report released with a valuation of 7.2c & share price up over 200% all in a matter of 5 months, yet VMC who is exposed to everything holding the largest youanmi package out of any explorers the sp has stayed in the same range for 5+ years & lately feels like we are purposely being screwed over, with all buying support pulled the past few weeks & sp left to deteriorate after consistent good announcements over months practically all gains wiped off , can almost bet all the sell orders from 19-.25 is almost all one person/group, been watching closely seems to be one seller just placing removing multiple sell orders around the screen daily & small sell orders sold at market to trigger it downwards , today great results again & we cant attract a single decent bid with only $37k traded downwards now 18.5 & yet RXL even after a discounted placement at 2.4 has traded $300k at 2.7-2.9 & was up 16% at one stage now up 8% with solid buyer support stacked throughout the buy side, giving holders & the market confidence..
Major difference in the way these two companies are being run, with rxl doing everything right to keep a solid share price/ gains & market interest, then you have vmc doing absolutely nothing right when it comes to the share price with the chart since 2012 repeating the same pattern over & over tries to rerate then sells off no matter what is announced, to say VMC holders since the JV with RXL are being screwed over is becoming more a fact as the share price fails to deliver, the run to .28 was finally giving holders hope management are ready to get this going, but to be back to 18.5 for no reason dont think anyone here can honestly say they are happy with their performance to date, just consistent same bs year after year, nothing but regret backing these guys they simply cant deliver for to long
VMC Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
