’ CRs are necessary and common for many companies, particularly explorers’... is that not a true statement?
’CRs cause dilution’.... is that not a true statement?
’CRs are often offered at a discount’... is that not a true statement?
(FYI , another U company called PEN did a CR last year at a discount of 45% to their current share price.. that’s where my figure of ‘up to 45% discount’ comes from‘)
I don’t know what discount VMY will offer (might be 15-20%, i dont know) but there WILL BE a discount.
Everyone invests according to their own strategy.. I even wrote ‘you can make money through CRs by holding for 10 years (if fundamentals are good)’
i offered a suggestion (note the question mark at the end of the end of the sentence) when I said ‘why not sell now or hold off buying more after the CR?’
everyone has their own strategy, no one has to listen to anyone on HC.. but I’m merely sharing my CR experience that i had with PEN where I bought up before and soon after the CR, only to watch my purchases fall 50% below the CR price.. imagine how much better it would have been had I waited?
so, no I’m not going to ask my post to be removed, because I don’t see where there is anything false in what I’ve written
FYI I hold VMY so I think it’s a decent company.. I’m just not buying more at this moment until the CR done due to own experiences.
i’m holding ( a small parcel) because I hope the company does a SPP or something special for current holders
DYOR
VMY Price at posting:
9.0¢ Sentiment: None Disclosure: Held