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11.8¢ vimy resources limited

Ann: Launch of Velo Resources and Vimy Board and Executive update, page-7

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PaleoBro

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15/11/18

10:40

Post #: 36513661
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Originally posted by ruthlessvillian ↑

Agree, that this is veiled admission that RCF will be exiting. You gotta wonder why though when U price has been rising, do they know something that we don't? Considering how long they have been in this, they are exiting at a huge loss just when the cycle appears to be turning?And is the change of focus to zinc exploration an admission that mulga rock is going nowhere any time soon? As as for slashing overheads, surely the overheads will now be going up if they have to start another expensive exploration /drill campaign to explore the new ground, pay rents on new tenements etc? They have bugger all money in the bank as it is, and now they have zinc exploration to fund.....I wonder if they were hoping this would provide a sp pump for the cr? I doubt it

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I'd say new ground likely to be spun off and VMY retains equity.

VMY Price at posting: 6.8¢ Sentiment: Hold Disclosure: Held
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