the following is exactly what I posted over on the DYL thread:...

the following is exactly what I posted over on the DYL thread: -

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perhaps Vimy is not the real prize given the obvious very poor Mulga Rock project economics: -

https://hotcopper.com.au/threads/vmy-undervalued.5917507/page-302?post_id=58727277

JB has previously stated they are in discussion with several parties and the Vimy merger proposal may have been used as an attempt to advance negotiations with someone else

either that or the JB and his team have some secret grand plan to turn the “Mulga Rock pig shit economics” into a silk purse

in JB I trust and support should he decide to proceed with the Vimy merger given his past proven record in uranium mine development

likewise however I would be delighted if JB decided to walk away from the proposed Vimy merger given what we know about the Mulga Rock project economics


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Mulga Rock is definitely NO prize based on what has been disclosed by Vimy about the project feasibility

now if JB thinks he can make it work I would back him, my strong preference however is for the following:-

https://hotcopper.com.au/threads/ann-shareholder-update-on-offer-to-merge-with-vimy.6439781/page-61?post_id=58607217