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Bullboard - Stock Discussion Forum 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... see more

TSXV:VLC - Post Discussion

Velocity Minerals Ltd > Sad start
View:
Post by Swl1896 on Dec 01, 2021 9:48am

Sad start

Not looking good.  Bottom would be around $0.20 here.
Comment by JenoB65 on Dec 01, 2021 10:45am
I don't think Keith Henderson is too worried. He's still getting $300,000 a year salary even if this drops to $0 He's ok with it going sideways or dropping. He's got no skin in the game. This is a dead stock. Management & directors are doing a piss poor job. 
Comment by JenoB65 on Dec 01, 2021 12:12pm
I agree. It's definitely going down. Won't be long before this is trading in the $0.20 range again.  I wouldn't not offer more than $0.10 per share. Even at that you will probably loose money.