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From Inside Trader

Hi Everyone,

Lets get the bad news out of the way before we look at this weeks stock. For the first time in 8 years, we recently picked a stock that went into voluntary administration.

On the 29th January, we highlighted View Resources (VRE) as potentially being undervalued at 18c. It reached 20c during the following week but on the 6th Feb the company gave an update on its Bronzewing mine stating that its quarterly forecast will most likely not be met. The report, although not good, gave no indication that the next day a trading halt would be called and the next day an administrator was appointed and the company was suspended from trading.

As stated before, this is the first time in 8 years that this has happened to any stock we have highlighted and it gives rise to question the openness and transparency of a company in relation to informing the market as to the true situation of the company. Even up to the very end, View's company announcements were upbeat and positive, bearing no hint or mention to the potential problems that lay just around the corner. Even in their statement on the 6th Feb they stated that the sale of their 30% stake in the Carnilya Hill project was set for imminent conclusion which would have cleared any debt.

We weren't the only ones to get caught. There are many investors and other analysts who were also caught out. Trading volumes and interest in this stock were very strong right up until the end.

We will be following with interest the results of this company and report anything that comes to light.