CharlieExcellent commentary..

First 914 Last

Share
Profile

Follow
boffa

570 Posts.

238

14/10/21

13:12

Post #: 56797146
Share

Originally posted by Charlieinvest: ↑

Boffa

I'm going to add my 5c worth here
With regards to our WA tenements especially.
I don't agree with how we should treat our WA parcels and I've had several conversations about this with a friend who used to be in mining

Kulin is dead smack in the middle of some major major discoveries ( Nova, Bottington, Julimar) , but for now it's purely a nearology play.
Put some money aside and start Aerial and then ground EM's to confirm if there are any priority drill targets. If there are, get drilling. If you find another major discovery , our share price will light up into the $$$. Then you do a CR. If we find that it's a duster, we put it aside and put no more time or money into it. But we need to find out for sure because as it is now, it's worthless.

CHN and Thor will take care of itself in due course. And if it is a Julimar lookalike as everyone seems to be saying, what's it worth to our share price (30% x $$$$$$). Julimar took CHN to over $3bill MC just on discovery alone. They are still 3-4 years away from any mining activity. However I would not be giving anymore extensions. Period.

If we ever get our results back for GGN and they confirm the thickness and depth, offload it to the highest bidder. Get what we can so we have cash in hand. We are unlikely to do anything with GGN in the short term, better to use any cash we can get of it to progress our other tenements.

In the meantime we progress on Mt Lindsay with the feasibility/Updated JORC which then should open up Govt funding and then put together a plan for progressing it into a mine. Keep drilling the targets and expanding the resource. There is even talk of the Govt possibly funding a processing plant down there.

Riley- Work out once and for all what our press GO price point is and let the market know. If that price point is reached, go hell for leather and get some loads going to help boost our cash in hand.

Not sure what anyone else thinks but this to me sounds like a doable plan and would maximise our share price.

Expand

Charlie

Excellent commentary..

VMS Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 58 more messages in this thread...

First 914 Last

Add VMS (ASX) to my watchlist

(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $49.86M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	20677	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	20342	1

View Market Depth

No.	Vol.	Price($)
3	20677	0.022
7	1128112	0.020
19	3676425	0.019
13	2434277	0.018
7	1330000	0.017

Price($)	Vol.	No.
0.022	2066248	9
0.023	1498880	5
0.024	801955	3
0.025	3247468	10
0.026	1801100	4

Last trade - 09.56am 09/05/2024 (20 minute delay)

VMS (ASX) Chart

Day chart unavailable

CharlieExcellent commentary..

Featured News

Prominence impresses the market with uranium grading 5,269ppm in Kazakhstan

Maiden drilling at West Arunta hints at major IOCG system for Rincon

Alara Resources (ASX:AUQ) is driving Oman into a renewable renaissance with accelerating copper production

Gold grading beyond 65g/t at Hillgrove gets Larvotto shares airborne

CBA profits fall 3% in March quarter but funding portfolio is flourishing

Buyers (Bids)

Sellers (Offers)

Featured News

CharlieExcellent commentary..

Featured News

Top Stories

Prominence impresses the market with uranium grading 5,269ppm in Kazakhstan

Maiden drilling at West Arunta hints at major IOCG system for Rincon

Alara Resources (ASX:AUQ) is driving Oman into a renewable renaissance with accelerating copper production

Gold grading beyond 65g/t at Hillgrove gets Larvotto shares airborne

CBA profits fall 3% in March quarter but funding portfolio is flourishing

Buyers (Bids)

Sellers (Offers)

Featured News