VMS 6.67% 1.4¢ venture minerals limited

The environmentalists are making a rod for their own back with...

  1. 664 Posts.
    lightbulb Created with Sketch. 362
    The environmentalists are making a rod for their own back with this.

    By going so aggressively against conscientious players like Venture Minerals, while we have Labor/Greens Minority Coalitions in power, they are just fomenting the conditions that will see a massive policy swing in the other direction when the Liberals gain power and when other, less environmentally conscientious players than VMS, gain access to the resource base in Tassie.

    End result, the minerals come out of the ground anyway, but at a higher cost to the environment.

    Much like the boy who cried wolf, the environmentalists are doing nothing but diluting their own credibility with the automatic obstructionism they're displaying against Shree and Venture.

    And, by temporarily driving the SP down, they just give opportunities for long-term investors like myself to average down my holdings and grab a greater windfall when the inevitable finally occurs. Lose-lose for the Greens.
 
watchlist Created with Sketch. Add VMS (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
-0.001(6.67%)
Mkt cap ! $37.39M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $8.968K 605.9K

Buyers (Bids)

No. Vol. Price($)
13 2778913 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 500220 3
View Market Depth
Last trade - 16.10pm 30/08/2024 (20 minute delay) ?
VMS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.