VAU 2.56% 38.0¢ vault minerals limited

Ann: Quarterly activities report, page-7

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  1. 1,887 Posts.
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    I would have read much more closely if I still held, but the AISC looks even higher and the production is again lower than expected. The problem for me was that low production and high AISC appear to be becoming a feature of every announcement. I was happy to cop it for one quarter, but when the same problems extended into the second quarter it made me wonder how this was being managed. Things happen, but things should get fixed. I like companies to meet and/or exceed expectations. You can accept if they don't because of extenuating circumstances as long as these are acknowledged and addressed. Just not seeing that happen here. I keep watching because I think the resource has real potential and I would jump back in, but that decision will be based on performance.
 
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