RE: news out Gelddeutch06There is a big difference in bashing and voicing your complaints (because this company reads this board and who knows... may actually listen). Be careful who finger as a basher. Clearly you have not been on this board that long to see where i truly stand with VVC. Almost a year ago production and I first dissected the bits and pieces and crunched numbers of the antimony mine and CJV, after the companies stock prices started capitulating downwards. I have and still own shares in VVC for I believe a year now. This company IS a diamond in the rough. Well undervalued with huge upside, simply trading near asset value. With an exporting ban punishable by death in china, antimony has leapt to the stratosphere. It is mind boggling that they have not re-opened beaverbrook while prices are over $6000/ton and cost to get it out of the ground from their already existing mine is less than $2000/ton. Very lucrative and not happening... my guess due to the beaverbrook end of it. If thats the case investors (owners) should be privy to a corporate update on the property since the last one occured a year and a half ago! And what was said in that release was they plan to start up beaverbrook mine asap as antimony prices had climbed upwards of $4000/ton (much higher now).
The CJV was supposed to have its capacity increased. That was almost a year ago, and still no corporate update on that. The grades in the veins they are mining are ridiculously high, some over 1000g/tonne of gold (similar to NOT.v which has recently gone from .13 to .80 in a matter of days). These are VVC's main assets and they have not made shareholders privy to the current status (probably best made through a corporate update new release) of them. That, i find frustrating.
Do i think vvc will go up? Absolutely. With another year of no news or corporate updates? Doubtful. It would be nice to see vvc start acting a little more grown up and put a little more effort into what drives shareprice... keeping investors updated on current events (even if those events arent the greatest, people like their invested money at least quantified). The grass roots news release was... ok, but insignificant in my mind. Yes, absolutely they needed to add to their small portfolio of properties... a big step, and yes, if they do drill and hit something that would mean paydirt for shareholders because they will be creating value out of nothing... so long term a good play. But lets put it this way, you become a major owner in a subway franchise (lol bad example) with a couple other owners, and the only thing they let you look at is how many cartons of milk your company sells, and boy you sure sell alot of milk but thats all you get to see with respect to the companies internals! It doesnt exactly make you feel warm and fuzzy about the viability of your business now does it? Ofcourse I am completely exaggerating but you get my drift. THAT and only that, is the frustration that i find with VVC, because the potential for the company is so large, they just need to take the proper steps. Ofcourse they wouldnt mind loading up on more cheap shares also (announced in the news release to the tune of $82,000. Hopefully that is another reason why they havent released much news to date. Lets hope.
Good investing
Bdussy