Couldnot help see the relevance of this post on another stock - thank you Bris Vegas
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
Jesse Livermore
The $ is dropping quite rapidly, now under 86c US to $1 AUS. So is the Fe ore price of course ~ $77US/t. However a slight shift up to $80/t for ore and a drop of the Aussie to 80c against US dollar gives us $100Aus/ton ore. Seems quite possible/probable in the near future and should be quite proftable providing the needed cash flow for tin.
So makes you wonder if the analysts out are really thinking it through allowing this stock to wallowat 4c SP (inc. ~ 2c/share cash backing.) Maybe too much of a minnow but that woulnot stop a big profit for them. The risk/reward ratio is getting very compelling.
Wish I wasn't already fully exposed.
VMS Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
