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Bullboard - Stock Discussion Forum 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... see more

TSXV:VLC - Post Discussion

Velocity Minerals Ltd > Market capitalization less than cash
View:
Post by JenoB65 on Oct 01, 2024 11:53am

Market capitalization less than cash

Not much hope for this company when market capitalization is less than cash. Have they gone into debt buying lotto tickets?
Comment by Jovica on Oct 10, 2024 3:21pm
if all assets are sold then they could do a one time cash distribution for the remaining bagholders before delisting.    Any experts like to comment regarding this possible one time cash distribution scenario?     Thanks in advance
Comment by JenoB65 on Oct 25, 2024 12:24pm
Never thought delisting as an option.  I Wonder if this deal includes the newly signed Toledo option? either way they are back to square one again. Dundee bought in at approx 50 cents 5 years ago.  Doubt they would be happy with delisting at  present market cap. 18-19 cents   Henderson seems more focused on Latin Metals anway. He really needs to be replaced.
Velocity Minerals Ltd