Beyond my wildest dreams, that is how I describe this announcement.
Absolutely amazing deal, puts respectable cash into the company at $2.00 per share!, AND has a most amazing commercial deal with a highly reputable Chinese state government entity.
I congratulate VNS for bringing this deal to the company, and I believe it clearly demonstrates the potential of VNS's Yalgoo project to deliver a considerable iron ore deposit in time!
And VNS does not have to make any payments for at least 2 years, whilst managing the exploration program.
I await with interest the market's view of this fantastic deal!!!
VNS Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held