A bit of crazy can sometimes be good!
At this stage Thor does appear to be more prospective than NGG but neither have a mineable reserve. I'm all for VMS selling off NGG to secure the necessary funding to immediately commence development of Mt Lindsay. Problem is, where are the NGG drilling results? It'd be fair to say they're overdue now. It's likely going to be difficult to sell off NGG with unknown potential to an unknown buyer. Meanwhile, VMS might be able to secure more than enough to fund Mt Lindsay by selling Thor to CHN. I don't want VMS to sell Thor but just thinking practically given the current state of Riley IO.
Just to premise that it's all hypothetical as no one outside the BoD knows what's going on. I hope for all shareholders that I am wrong with my speculation.
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Open | High | Low | Value | Volume |
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16 | 3011695 | 0.016 |
7 | 2507162 | 0.015 |
3 | 1250000 | 0.014 |
5 | 1994067 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
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0.019 | 1193568 | 6 |
0.020 | 1401795 | 7 |
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