OTCPK:VDMRF - Post by User
Comment by
Sciencegeek1on Aug 17, 2020 1:30pm
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Post# 31418606
RE:End of the year !!
RE:End of the year !!You really should not be surprised by any of this. They have a presentation on their website that explains their strategy for moving foward and yes, "Undertake Drilling Program to Upgrade Resources to M&I" is part of that presentation. They just closed some financing to be able to do that and the results of the drilling that they can now pay for in the form of a proper resource update will come in 4 months. If you were looking, as some others here maybe hoped, that they would have a strategic partner in place now - forget it. It won't happen this year. I would be amazed if they could strike such a deal right now that would be good for shareholders given the current environment. I am actually pleasantly surprised they were able to secure some VC interest under the current uncertainty associated with the global economy.