I sold out sometime ago. The writing was on the wall for this sector with so many new comers and a lack of significant MOU's, inclusive of the one's VRC hold. Stephen Hunt has done very little to help the promotion or projection of this company IMHO. Has he been to Tanzania to know what he is selling, let alone the infrastructure? Be a worth while question for him at the next meeting. Will the Chinese MOU's stand up...IMHO they will prove to be worthless and even MNS has cancelled theirs. All that really did was no doubt trigger some performance options for him. Whilst Stephen was running the show, did he ever contact anyone in the Top 20-30 Shareholders? Question to those who made the list?
Anyway I am out. I don't wish anyone any misfortune who are shareholders but I can't help but think they dropped the ball with this one when they had momentum.
VRC Price at posting:
4.6¢ Sentiment: Sell Disclosure: Not Held
