OTCPK:VDMRF - Post by User
Post by
Sciencegeek1on May 13, 2021 10:27am
124 Views
Post# 33191081
Just a guess
Just a guessLooking at the response to the NR about the JV with Glencore, my guess would be that a certain portion of the investors here were simply looking for a quick sale and a quick profit. Otherwise this makes no sense to me. Especially with the additional NR about financing at 0.425. There was a lot of speculation of a quick sale so I can understand why some would have had that impression. So my guess would be that some just cannot fathom the idea of waiting several years for a much larger payout. For some long term investment peaks between 3-6 months and I can certainly understand that strategy in this space.
But VONE is not going to be one of those. They are serious about getting that bankable feasibility assessment done. Look at who they have hired. Now when they do have that assessment done they may look attractive enough to attract a reasonable buyout offer, or they may move forward with actually getting a mine up and going. All these possibilities will take years not months. And when that does happen, this will definitely not be at 30 cents. I just do not know how many investors are out there right now who are willing to wait for those big returns. Clearly the management is all in. If this thing does continue to go down though I will continue to add to my position. This is a no brainer long term. GTLA.