GREY:VMSTF - Post by User
Comment by
U3082014on Jun 15, 2012 2:06pm
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Post# 20018844
RE: rephrase
RE: rephrase You might be right....BUT...with respect to S.P.
VMS's own lawyer stated they are likely not going to be in Court until end of Summer, which means Dunlop claim could be valid till year end or longer....as long as the claim is out there I suspect there won't be alot of BUYERS out there.
Still potential 25-30% downside here IF Europe debacle cause market correction and Copper slips below $3.
Best case scenario right now is FLAT/DEAD money here until next Spring, IF and when they drill and prove up some more ore....and as they progress to partial production in Q3 of 2013.
Only other positive catalyst would be HBM take-out bid, but at current level it probably would be in .50 cent range.