For a co. with a resource of major substance, who are on the verge of releasing an updated resource, this is quite laughable. No buyers at al; only feeble amounts in the depth who are being sold in to..causing losses such as today. What are we missing?? Have the good times come and gone? Me hopes not... :-(
Let's review the facts:
YRR's resource = pre-emptively excellent, subject to release of new resource
Management = very bad record has been demonstrated. Very low percentage of undertakings have been carried out as promised to shareholders.
Timing record = appauling
Shareprice history = falling - no support, mainly due to dilution without asset gain
Asset accumulation record = appauling, due to an endless buying pattern of worthless, yet grossly overvalued tenements, acquired by giving away the majority of YRR to related parties.
Co. outlook = If a party with seriously deep pockets (who has NO relation to YRR!!!) does a deal with them to mine their vanadium, this will be worth a lot. But considering the continued selling, this is not likely.
I am a serious holder, and am livered about where this is now. If the projections of certain co. representatives will not materialise, things will be a lot different for me. I could have invested in LNC, WVL, to name a couple.
If YRR enjoys some well-earnt, serious support, I will be satisfied, but I am certainly not expecting miracles from this point...not in YRR.
I maintain this is cheap, but where is the support.
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Open | High | Low | Value | Volume |
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34 | 9966671 | 0.014 |
18 | 5301641 | 0.013 |
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16 | 4272002 | 0.011 |
Price($) | Vol. | No. |
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0.017 | 14179946 | 52 |
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