Velocity Minerals Ltd V.VLC

Alternate Symbol(s): VLCJF

Metals & Mining Gold

Velocity Minerals Ltd. (Velocity) is a Canada-based precious metals and copper explorer focused on Eastern Europe. The Company is in the business of acquiring, exploring, and evaluating mineral resource properties in Bulgaria. In Bulgaria, the Company has a 70% interest in the Tintyava property, which includes the prefeasibility-stage Rozino deposit. The Company also has a 70% interest in the Momchil property (which includes the Obichnik project), a 70% interest in the Nadezhda property (which includes the Makedontsi project), and a 70% interest in the Dangovo property (which is contiguous with the Makedontsi project). The Company holds a 100% interest in the Iglika copper-gold exploration property. The Company has also entered into agreements to acquire a 75% interest in the Zlatusha copper-gold exploration property. The Rozino project is situated within the in southeast Bulgaria's Ivaylovgrad municipality.

TSXV:VLC - Post by User

Velocity Minerals Ltd > DPM

<< Previous

Bullboard Posts

Next >>

Comment by loonietuneson Mar 02, 2021 9:03am

88 Views

Post# 32693316

RE:DPM

We are holding nicely in a market downturn for the miners DPM is down as well this was out last week.

Dundee Precious to buy back up to nine million shares

2021-02-25 11:13 ET - News Release

Mr. David Rae reports

DUNDEE PRECIOUS METALS ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Dundee Precious Metals Inc.'s notice of intention to renew its normal course issuer bid to repurchase certain of its common shares through the facilities of the TSX. The Company commenced a normal course issuer bid on February 28, 2020, which terminates on February 27, 2021. Under the Current Bid, the Company sought and obtained approval to purchase up to 9 million Shares. Based on the Company's disciplined approach to capital management, the directors considered it to be in the best interests of shareholders to return capital through the initiation of a quarterly dividend beginning in 2020 and as a result, the Company did not make any purchases under the Current Bid.

The number of Shares that can be purchased during the period of the New Bid, which commences on March 1, 2021 and terminates on February 28, 2022, will not exceed 9 million Shares, being approximately 5% of the 181,510,125 outstanding Shares as of February 23, 2021. All purchases made pursuant to the New Bid will be made through the facilities of the TSX or other alternative trading systems in accordance with applicable Canadian securities laws and Shares repurchased pursuant to the New Bid will be cancelled. Pursuant to the terms of the New Bid, the Company will not acquire on any given trading day more than 182,760 Shares, representing 25% of the average daily trading volume of Shares for the most recently completed six month period, being 731,040 Shares, other than block purchase exceptions.

The Company has re-appointed RBC Capital Markets to make any purchases under the New Bid on its behalf. The actual timing and number of Shares that may be purchased pursuant to the New Bid will be subject to a number of considerations, including, among other things, the Company's Share price, financial position, and its assessment of alternative uses of capital in accordance with a disciplined capital allocation framework.

About Dundee Precious Metals Inc.

Also this from the Yahoo finance page-Market Cap66.367MBeta (5Y Monthly)1.13PE Ratio (TTM)N/AEPS (TTM)-0.0180Earnings DateN/AForward Dividend & YieldN/A (N/A)Ex-Dividend DateN/A1y Target Est1.02

I'm not worried about this one.