GREY:VMSTF - Post by User
Post by
freeedom45on Apr 30, 2008 8:47pm
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Post# 15025524
1 more important note....
1 more important note....all junior resource stocks are down right now..... time will tell if these are bargain prices; but these companies need $$$ to run and a lot of them are trying to raise money in these tough times, which means even further dilution due to the low share price. There are some trying to raise cash at their 52 week low and they have had to re-price the offering even lower. As a VMS shareholder, I am glad they were able to raise a lot of $$$ at the 52 week high opposed to the low of today and that the money is being spent on a potentially huge deposit, that will send the share price soaring, allowing next offering to be done at higher prices, preventing excessive dilution.
To date, management's timing has been impeccable.