VRC 0.00% 0.4¢ volt resources limited

I agree with your statements that that post Possum. I always...

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  1. 1,188 Posts.
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    I agree with your statements that that post Possum. I always liked the venture but I wasn't always confident in the management in the past. I am a lot more confident in Mr Matthews. I'm not all that excited about cutting funding so fine at times, but as he said to me in the past - or to the effect of - "I've never failed in a business venture yet and I don't intent on Volt being the first."

    He has been up front and faced me head on on a couple of curly questions I have put to him and did not attempt to avoid answering me directly. That was refreshing. I didn't necessarily agree or like the answer, but my respect for his professionalism grew.

    I am working on three projects for different businesses on three different continents at the moment. All of the people I am dealing with are well regarded, leaders in their specific field and have a history of quality planning and implementing. All three of these projects have full funding and all are facing unforseen delays and multiple revised deadlines. Two of the three projects have been delayed more than 24 months. This has happened even after two of the three companies did a pre-mortem to attempt to weed out any potential setbacks.

    I am frustrated there is no funding and in the scheme of things 40 million in the mining industry is chump change. But the funding terms need to be right less it come back to bite later.

    I've left sentiment as hold on this post, but at this price I see it as a spec buy and have topped up about 1,000,000 shares today. I may buy more at this price range.

    Not out of the woods yet but I'm not eyeing this stock top up as a sunk cost at all. I would like to see a long term funding resolution soon, though.
 
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