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Velocity Minerals Ltd V.VLC

Alternate Symbol(s):  VLCJF

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

Comment by Risktaker1on Jan 07, 2022 4:41pm
101 Views
Post# 34294666

RE:Bad News Coming

RE:Bad News Coming

It's only dropped 40% in the last year. I don't think insiders are too worried. It's the small investors that are pulling out. 
Eventually it will go up. If Dundee doesn't invest they can still go into production with Gorupso.

Artemis is done with this. They have their own project. This is pocket change to them. They don't care about stock price. If anything this will be a tax loss for them. They are already rolling in the dough  

Dundee will need another mine, but they are not going to invest untill they absolutely need to, or stock drops much lower. 
I suspect this will half again very soon. 

Institutional investors are not interested in a project this small.

Good luck if you have the patience.  It won't see growth for another 2-3 years  

 

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