It went into a trading halt because it obviously leaked and stayed longer then usual because management were overseas ect!
From a investing perspective who cares what the price does or how the market reacts to it short term! Have a look what the cash is for:
• Development and working capital for the Carnilya Hill mine scheduled to start this month. • Development and working capital for Bronzewing which includes further pre-stripping of the Central pit and access development of the Discovery underground, accessing additional reserves. • Further exploration and tenement acquisition at Bronzewing. • Debt reduction of the Investec Loan Facility, allowing the Company greater freedom and flexibility to achieve its strategic goals.
In a few mths will will see full production or close to it from both projects so a little patience hey. In the longer term resource upgrades from both projects no doubt.
These are a screaming buy!
VRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held