Ann: DAU: Dampier seeks compensation from Vango, page-21

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creative100

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15/02/20

14:08

Post #: 42951547
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Originally posted by kori: ↑

Hi Kathy sorry just saw your post however I am glad I didn't reply immediately as Bugendore has nailed the response.

To answer you directly I don't give share advice ( I learnt that lesson a long time ago)...but I happy to share my little story; as you well know I have been a long term (17 years) sufferer of holding Vango (Ord River Resources) script. It has cost me a mini fortune to avoid massive dilution to remain in the top 10. I have seen the best and worst of management go through the company in that time. To the present situation: Without doubt the team of Bruce McInnes and Sean Zhou have been a godsend - the ship would have sunk a long time ago without their involvement. The mining management team they have now got in place is first class. If only all shareholders could go on site to see the facilities and massive potential that is before your eyes. McInnes has a commando style about him (which is isn't surprising seeing he is ex SAS and a black belt Karate teacher in kyokushin) thus has a very strong strategic/no nonsense focus that goes with that background. He also knows his limitations, he is not a miner but an accountant by profession. Hence the recruitment of an experienced proven MD like Andrew Stocks and Chief Geologist Jon Dugdale both who have taken minnows to massively successful mining operations speaks volumes for the balance and direction the company is to head in the next 12 months

Regardless VAN is still a small cap SPECULATIVE STOCK and from my point of view the two greatest risks I see going forward is that 1) The gold is still in the ground and 2) If NFC renege on their financial obligations. Having said that I believe the current board and management IMO gives Vango is best shot to date to succeed.Once again in my calculation (others have said I am fanciful and they may be right) If the two risks went away than I believe VAN IMO would be $ billion company. But as stated earlier It is a risk/reward equation based on your risk appetite; you either believe and buy in at 13 - 16 cents or wait until the risks are eliminated and buy in at 80 - 100 cents

So is summary VAN IMO is at a stage from a shareholders point of view that you either believe in the value of the assets they hold together with the belief that the current board and management of VAN can execute the strategic plan to go into production. IMO if don't believe in either of those two criteria you should sell or don't buy!

Hope that somewhat answers your question.

DYOR

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Good reply Kori,,, hope u been well,,, iv been waiting as long as u have ,,, did a nice top up the other day when the panic sold out on losses ,,, gave me another opportunity to buy super cheap,,, waiting game now but I do see blue sky's ahead..

VAN Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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