GREY:VMSTF - Post by User
Comment by
U3082014on May 05, 2011 9:13pm
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Post# 18537853
RE: 15 MILLION DOLLARS IN THE BANK-
RE: 15 MILLION DOLLARS IN THE BANK-VMS is positioned quite nicely right now....and has some great revenues coming in 2013(if they hold onto their share of Reed)
There has been a REAL shake-up in Commodities this week.
Copper has PLUMMETED to under $4.
MANY MANY analysts are predicting a MUCH larger pullback coming to the TSX.(late 2nd to 3rd quarter).
IF the TSX takes a hit.....we all know what is going to happen to the Venture.
I could see this as low as .30s if such a pullback takes place.
Then HBM can target it quite easily for a buyout of Reed.
IF VMS can hold onto their 30% and come along for the ride on Reed then it could be $2-$3 stock or more if/when HBM releases more drill results from Reed.
Summer doldrums are just around the corner, so barring some Fantastic NR from HBM regarding Reed I am NOT highly optimistic there is going to be a surge in the share price until this Fall.
GLTA!