As I flagged in my post just last week, governement support will be forthcoming, it is only a matter of time, patience is the key. VMM will be a key player in the rare earth space over in Brazil, we are well connected with governement delegates and are not interested in selling out for a quick buck as we are interested in going downstream, hence the tie up with IXR. It is a lot easier to secure governement funding in an emerging economy especially where the country itself is targeting rare earths as key enabler for their economy moving forward. I have always said that I believe Brazil can compete with the likes of China due to the high grades of ionic clay deposits in Brazil. The best thing about VMM is we are not interested in selling our raw material direct to China (Any companies who do this play right into their hand (that is what they want so they can manipulate price), which I have posted about previously at length on IXR. Cheers, CP.
VMM Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)