VRE 0.00% 2.0¢ view resources ltd

thirty million smackaroonees, page-13

  1. 6,012 Posts.
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    Whats the big ISSUE here????

    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!
 
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Currently unlisted public company.

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