l hate to agree with Nick007 but VAU really should be trading much higher than it is right now, and trading above that level as hedges roll off and gold increases. VAU definitely has a monkey on its back. Some of that is probably the markets perception of those hedges and some is probably linked to the perception that Management is not performing to whats generally accepted as minimal public exclosure. lm just guessing, but l dont think thats far from the mark. The question is, this intentional so the SP is capped to serve a bigger agenda, or is it due to general incompetence.? The answer will be revealed some time in the future l imagine.From what l have observed in the past 2 years, Luke Tonkin has not one iota of care for Share Holders who own this Company. The pitty is, he knows we cannot do anything about it.
VAU Price at posting:
44.8¢ Sentiment: Buy Disclosure: Held
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