GREY:VMSTF - Post by User
Post by
bswalkson Nov 26, 2014 5:13pm
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Post# 23167614
Buy out price
Buy out pricetoday some have said .55/.60 another said 1.00.
I understand Reed Lake is basically the only in your face thing going for VMS right now. But...
1. Hudbay has been drilling the option properties. They have done waaaaay more than 2 shallow holes. I can only guess close to 100 holes but don't quote me on that. I have heard no news of them saying the holes are mostly or all duds. Hudbay does not have to report results. But they can't be publicly dishonest. I feel if there we remany or all duds they would make it known. I have a feeling that some or many of the holes have come up with some what impressive results. Hudbay would of coarse try their hardest to keep the lid tight on this.
2. The Magoo Lake mi$tery. Long term and dilligent sharehoders remember this.
3. Open at depth !!!!
4. The court case has been holding the SP back. Going to guess coservatively and say we'd be at .50 minimum. The court case will be handled eventually in favor for the shareholders IMO.
5. We have alot of PREMIUM ground !!! ALOT !!!! I.M.O there will be mines found on VMS property for decades.
6. The obvious. We have 30% of a profitable mine that was given a very very conservative n43 estimate. We are into the low grade stuff right now ( which isn't low grade ), wait till we get into the high. Profits... profits...profits.
7. We are in poor market conditions. It does not and will not stay like this forever. If we accept a low price today, tomorrow we should have gotten double, so why ?
I feel everyone is focusing on Reed, there is more to VMS than just that.
Don't low ball yourself, you deserve a deal, not them.
VMS buyout $ 7.00, anything less is a rip.