GREY:VMSTF - Post by User
Comment by
LongonZincon May 09, 2014 1:14pm
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Post# 22544654
RE:RE:RE:5.4 Million
RE:RE:RE:5.4 Million
Czechlate,
Your argument has little merit. Firstly, what they have found so far in Greenland is nothing whatsoever like Voisey Bay, any analogy to Voisey lacks basic logic at this point. What they have found so far looks promissing, but is purely specuative, and highly speculative at that. I think they have already gamlbed enough of the VMS treasury on NAN, why further dilute the company in order to buy more NAN? A few more million shares of NAN will not make that much of difference to VMS shareholders if they hit it big.
I also really don't like them raising money at a significant discount to the market. I don't like them paying a finders fee of 6% for the shares being purchased by insiders either.