G’day all.I was drawn to VMS like many others with the prospect...

G’day all.
I was drawn to VMS like many others with the prospect of the tin being developed and that would have a portion of that cost covered by the IO sales along the way. That’s now dead in the water. IO down to $93 on SGX today and still falling.

so how do they pay for all that needs to happen to get the tin Into production? I’ve seen some suggest the government will pay for it! Not going to happen. That’s not what government does. They will facilitate, help, encourage and may get some $ to them, but it won’t anywhere near what is needed to develop a tin mine.
market cap is so low, a CR won’t raise enough either.

maybe they bring in a strategic partner that take a % of it? Better to have a smaller % of something, than 100% of nothing dunno. Can’t think of any other options.

I’ve not seen anything from management other than they’re going to fast track the tin, but their timing forecasts don’t seem to have changed.

now I know I’ll get accused of being a down ramper. Anything other that everything’s fine seems to be hammered. But I’m a holder and believe that the tin will get developed. I’m just not sure it’s going to be by VMS. I sure hope they can find a way.

cheers,

ned.