Ive been around since spring 2007, Initially i got in at .32 and slowly unloaded my position as it fell from 1.5$ with the lowest price i sold at being .74, I watched and have taken another position at .30
so ive been around a while :) and i can respect the frustration for those that bought high and have taken a huge hit, and for those who have been around since before the discovery and didnt sell any at its peak.
I disagree with your dead money remarks, with the markets the way they have been over the last couple years, had they spend the 11 million they have left, and not found to much significant, we are left with further dilution. Now management can spend that 11 million elsewhere, plus who knows how much cash HBM will be handing over.
i wouldnt say the last drill program has nothing.. and a little food for thought? i wonder what brought the halt of the second phase? has management decided to let HBM foot the bill for future exploration? or did HBM ask for it to be halted under fear a drill may hit and make the price tag jump? and for a major to show interest in these claims without having an intercepting drill core?
lots of questions to be answered.. i find it very exciting.. and mangement seems to be displaying confidence..
i think of VMS as being a caterpillar in a cacoon, just beginning to stir, and one day itll turn into that money making butterfly and carry a lucky few off to retirement, a new home, or car.. or whatever floats his or her boat