My opinion would be edited for foul language, lol.
But the facts which are easily substantiated by even the newest of newbies include:
1) Kulin is basically an uncut gem at the moment, so it depends how you look at it. eg
a) If you are talking about Kulin in respect of the other big mines which are already there in all directions around it, then sure, absolutely, it's a hot nearology play which deserves to have a team there every day, even when there's a few spots of rain. It could be worth a billion bucks, or it could be worth nothing. As a speculator, that's half the fun.
Naturally, we'll never know until we start getting a stream of reports and updates from there every fortnight for at least 6 months, so to my mind, it's not worth more than 5 pips into the share price at the moment, because the board are being forced to contend with problems elsewhere first. And on that note, it seems quite suspiciously unfair for any public thorns in their side to expect them to be elsewhere when they are part of the problem. (Genuine shareholder concerns aside, obviously).
Or b) If you are talking about Kulin making the "Julimar-Thor Brotherhood" checklist that Chalice is seeking, then I think it's fairly obvious that it doesn't check enough boxes... because it didn't, and still isn't... at least not for the specific treasure trove combo of nickel-copper-palladium-platinum-gold-cobalt-chromium etc that Chalice is hunting.
But seriously, what do we care if it's a Tier 1 in Gold or a Tier 1 in palladium, nickel copper or anything else? A billion bucks is a billion bucks.
Either way, I must humbly but hotly contest your unsubstantiated claim that VMS has "given away the farm".
I've provided lengthy examples of how the JV seems to be far more like hiring an experienced farmer to get fruit from a fallow paddock and pay generous compensation to the owner (and much sooner than the owner ever could have achieved on their own - and even Andrew has said this several times.)
REF:
56724358 &
57047004But I could be wrong. And so could he.
So if anyone still persists in pushing the idea that VMS should have slammed the door in Alex's face (or ditch the JV asap) then I'd greatly appreciate seeing your evidence and/or examples to support your side of the argument. So far I've only seen down-ramping, angsty fears and baseless accusations, which are all irrelevant to professional shareholder discussions.
Then again, we've recently seen how several members of this thread had a "gut feeling" about the Riley situation, and were proven right.
So I think this is a terrific time for everyone to start providing References, charts, photos etc to support every single post they make - on any topic - for at least until after the AGM...
And hey wow, look at that... I managed to give an opinion without swearing.
These are strange days indeed, LOL.
DYOR
(20min delay)