Vimy Trading, page-6

First 6 Last

Share
Profile

Follow
gcs

705 Posts.

105

12/11/20

18:30

Post #: 48835545
Share

Originally posted by Zia: ↑

Hi gcs,

I really don't think management is the problem, the way I see it there's very capable personnel at Vimy, Mike's got a mine up and running in the past, I know uranium mining's a different thing altogether but he understands the process. Scott Hyman in the States ideally placed, Julian Tapp very proficient when it comes to navigating regulatory requirements, Marcel Hilmer, Cheryl Edwards... the list goes on. They have quality projects so I'm not worried about that side of things. It's more the timing and their balance sheet.

I remember Mike stating their leases are quite expensive to maintain too, together with consideration due to Cameco in January they do have some large overheads and liabilities. I like the idea of getting a strategic partner and the balance sheet may be a reason why they've taken that course of action.

As you know, I'm definitely bullish when it comes to the future of uranium but I'm just getting a tad nervous at the timing in the context of Vimy's position. I can appreciate the frustration from a lot of long standing shareholders, it' been a long wait.

Expand

Hi Zia,
I agree with your comments but it's the perception of new investors that concerns me.
Looking at Vimy i think one would be wondering why this is not responding well to all the good news etc.
If the market doesn't recover well in the next 12 Mths or so the we could see Vimy's share allocation around 1.5 Billion( in my view).
Cheers

VMY Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

NUZ

Neurizon significantly advances NUZ-001, enters global licensing agreement

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

I88

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

Trump chides Powell as Goldman call for calm. The RBA must be nervous

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Vimy Trading, page-6

Top Stories

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Neurizon significantly advances NUZ-001, enters global licensing agreement

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Featured News