they announced the gold purchase option 28th may 2018, VMC share price averages .15 on the news, 1 month later VMC announced a almost 100% increase in gold resource to 1,2mil oz, 5th march 2019 SPX announced a high grade discovery that falls in between VMC leases, SPX surge 600+%, 16th march 2019 VMC decide lets take advantage of the SPX situation announces it is looking start drilling on targets abutting the Spectrum (SPX) tenure, market takes notice VMC ranges between 16-.185, common sense VMC surround SPX leases speculative odds are VMC could hit something to considering they hold a massive amount of land & north/south strikes of SPX worst case if they dont they hold a jorc 1.2mil oz resource + multiple other targets, vmc in the box seat, market is waiting for drilling announcement, placement, some smart marketing to get the sp going & finalize purchase of the gold project, looking good to shoot in the .20-30s cent range on that, 10th april 2019 directors have a bright idea lets give away 70% of the project & pay $2-3mil in stock for 30% (& receive $3mil back if rxl go to 70%) give all the speculative value to RXL so there share price can rerate, market responds WTF are they thinking from high of .19 falls to .13 now .15, 11months of holding the lease, doubling the resource, SPX discovery, as of today they have failed to add a single cent of value to the share price with the gold & every other asset announcements
RXL has held the lease for 2 days & put on 37%-50% value, now they will go up in stages being as they hold all the SPX nearology speculation, when the deal is official 1st stage, when drilling begins 2nd stage, 3rd stage exploration results
VMC will be on the back foot & only see marginal increases
really management wtf where you thinking you gave away all the upside to "mitigate risk", risk was well worth it as you held 1.2mil oz resource, & considering all the other assets we have that are not priced in to date
yep im still pissed off & dont get this managements strategy at a time when they were in prime position, hope they prove us all wrong potential is there but they cant add any share price value for way to long now
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