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posiedon ark

3,050 Posts.

1243

26/06/24

15:02

Post #: 74495995
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Originally posted by posiedon ark: ↑

I’m not alluding to anything. If you read my posts carefully, I am critical to the approach the BOD is taking with the Mets. And this why it’s reflected in our share price.
I have already mentioned that. I believe that the Mets will be a mixed bag, especially over that area. And more so, we all understand that.
By reporting each drilled hole with the grade and Mets obtained, to me would be a much better approach. It shows transparency. What this BOD is doing is undermining the markets and our intelligence.
Again there is two sides to looking at this. One the market would like a general overview of all results to determine pricing.
Second, the BOD’s direction and approach is to be methodical all the way to a Jorc compliance and I suppose satisfy potential client demands.
In the meanwhile everyone, including the market is left in limbo, not knowing anything accept for the BOD’s word.
With the case of “Riley” everyone to their own. In my case I believe we have been conned severely. $3million dollars!!!! Common. If it was your business would you seriously accept that offer?

Again, this just my opinion. People need to do their own research and DD. This is not meant as financial advice.

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I seriously believe “VMS” as a company is still in the money.
What I am totally against is the selling of our valuable assets. We have some great assets and we don’t need to sell any of them.
The “Riley” sale was a disgrace to put it mildly and a punch in the guts for shareholders.
This new BOD has been given a smorgasbord of great assets. Now we need our BOD to be creative, innovative, promote / advertise to the market and achieve meaningful funding from Government or Private Off-take Partners.
They need to use their expertise and experience to champion these assets.
That’s what shareholders are expecting and paying them big bucks to do.
Anymore, shonky or throw away deals then they need to get the boot. No, one is indispensable in this world.

Please do your own research and DD. This is not meant as financial advice. Just observation and opinion.

VMS Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
4 Upvote

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