Re: I don't get it
in response to
by
posted on
Sep 29, 2009 06:34PM
Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres
A major part of the lack of interest in VMS stems from the presumed reliance on HBM as a strategic partner, whether that be for development or a take-out. Many other juniors have got caught in the trap of having a great looking major partner only to find out that partner is prepared to tug and jerk them around , run them out of funds, and force them to further share dilution , meanwhile picking up all the cheap stock through their M&A agents. M and A folks regard this as standard procedure. What the shareholders of VMS really need , and soon, is assurance from Rick Mark that VMS is actively pursuing with some accountable success, other partners who have some ability to alleviate total reliance on Hudbay. Personally, I'd rather find some strong offshore investors , sell them a chunk of VMS at a bargain price to gain their commitment, and go down the road without reliance on Hudbay at all. HBM has no commitment to us whatever, so it is naive of VMS management to imply the relationship with Hudbay is that positive. Other junior managements are learning to speak Mandarin and Korean very quickly realizing they need to make their own breaks.