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Title : Victory Metals (VMX.v) looks overpriced out the gate
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Victory Metals (VMX.v) looks overpriced out the gate

This is the Palisade pump job based round the Iron Point vanadium project near Elko, NV. Behind this 70c and 75c public price are a whole swathe of shares issued last year at 20c and 35c (options at a 35c strike too), held by such philanthropic wonders of Vancouver as Marin Katusa and Cal Everett. When the green light goes and 40m or so shares come out of escrow, it's going to be an almighty rush for the door at this price so they're going to have to work on getting that traded volume average up...looking thin so far, despite peppering the market with five NRs over the last month.

Strong suspicions at the humble corner of cyberspace that VMX is betting on Palisade suckering enough people with more money than sense at its Jekyll Island conference in May. Guest speakers? Oh look, Marin Katusa! There's a coincidence!

You have been warned.

Thus Article Victory Metals (VMX.v) looks overpriced out the gate

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