I can't believe anyone bought any stock on the strength of that last announcement. The previous one re Riley Fe was more in the right direction but even that wasn't worth buying into as it was only a vague 'maybe it'll be a goer one day soon' type of announcement. I thought the great white hope was lithium in WA? What happened to that? Well, everyone knows what the next announcement will say: 'Capital Raise.' How many, at what price? It'll be ugly! How on earth did they ever get to this stage? This was a really promising stock five years ago, with a nice tin deposit and a couple of cash cow Fe deposits. I know commodity prices fell but since then they've been throwing money at so many no-shows in WA and even Asia. Unfortunately I can't see this company ever achieving anything for shareholders now, unless the iron ore price spikes for two or three years. I hope I'm wrong because you guys deserve a break. Good luck.
VMS Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held