Ann: Suspension from Official Quotation, page-18

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veeone

6,979 Posts.

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01/04/22

14:42

Post #: 60582910
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Originally posted by Linzy: ↑

Interesting times indeed, let's see how this plays out.

My 2 cents worth.

We don't know how many VMY shares have been purchased by DYL and its Cohorts, combined they may own a large percentage of VMY. Under 20% holding there's no need to disclose your holdings.

It's looking like a given, that this "sale" will go ahead.
We know DYL is cashed up, a huge positive in the current market.

Looking bigger picture, is this going to be the first step in the possible merger of VMY, DYL and PDN?
Think about it, PDN can be come a producer in the near term without significant delays and jumping through the hoops, like would be required for a new facility.
As we know DYL holds huge tenements that can feed PDN easily, mine VMY tenements and basically ship feed stock (like iron ore) to the "PDN" processing facility.
Not so many approvals required, I'm thinking and a reasonably quick way to generate income from the VMY tenements.

let's see what unravels in the next day or so.

I do hold both VMY and DYL.

Expand

We don't know how many VMY shares have been purchased by DYL and its Cohorts, combined they may own a large percentage of VMY. Under 20% holding there's no need to disclose your holdings.

Pretty sure 5% substantial holder notice kicks in and notification required within 5 business days and 1% changes from there on also have to notify.
Once you get to 19.9% you have to notify your intentions on whether your intending to make a move on the company or not.
Anyone else confirm?

VMY Price at posting: 27.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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