i know it is not good form to cross post BUT i think BKY is very instructive on the likely trajectory of VMY in the near future - their sp reaction to what is a good deal for finance was not all that exciting and then given prod is still 2 yrs out much like VMY they are back to slumber time. A CR? - almost a certainty before prod, but how much a CR depends on finance. It is interesting when you read the BKY deal - financed through to production - it is no different to a major CR in terms of dilution - BKY once in prod will not be 100% owners so their DCF & NPV should now be rerated to reflect that equity and therefore what Mkt Cap is more appropriate - If VMY do the same then the same calcs should apply - not just think it is great tht one is financed through to prod. - very smilar situations these two Cos and worth monitoring.
VMY Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held