VRE 0.00% 2.0¢ view resources ltd

gold and aud, page-29

  1. 668 Posts.
    I don't think they will go bankrupt, but it's not beyond the realms of possibility.

    If bronzewing does not break even for the majority of this quarter, I think you will find another cap raising on the cards, or, the forced sale of CH.

    And jojo, I would only ever trade this again, not hold or invest. It's all well and good to say that TG did not know problems etc. etc. but good knowledge of all workings of the company, and disclosure are the key behind good management. It's common sense, but it's one of the maxims behind Buffett's philosophy.

    Also, there seem to be some endemic environmental issues at the Leinster gold mines at the moment. The South African company, Gold Fields have just lost their environmental accreditation and may lose their prouction license over it...
 
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