So Riley spent years upon years, appeal against the appeal against the appeal. While VMS could mine at a profit they couldn't mine. Not sure what they could have done better. Then fast forward to that IO spike. AR scared to use shareholder $ and stuffed up big time. I said to him straight out he could have employed me cheap or a PM for $175k and we would have gotten maybe 9 or 10 shiploads out at $1.5m per ship. But hjs concern at spending scarce cash was a huge fail.
You have said a number of times VMS should have employed a manager at Riley to run it. From memory they did. A couple of GMOs a couple tech consultants a specialist construction commissioning manager. Maybe they weren't very good at it, but they all seemed to have plenty of experience
VMS Price at posting:
1.9¢ Sentiment: None Disclosure: Held
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