businee news the west australian today page 72, page-14

Hi wrixty,

your observations that the sale of Carnilya hill is not going ahead, could be correct.

Just remember that VRE had already said that they would not be able to meet the production target for January but that the 30000 oz would still be achieved for the total QTR.

With gold at record hights in $A terms I do not believe that a shortfall of 3500 oz for the months would make the company bleed to dead.

And the above would not mean the voluntary Administraters needed to be called in.

So lets see what next week brings , as we just do not know enough about where VRE is standing right now.

Good luck to all , we need it.

jojo