re: Ann: Acquisition of Indonesian Copper-Gol...
duly noted , on the other hand we know we are waiting for some money from the chinese and there have been rumours of an offshore fund waiting to buy in ,you could argue not much can be done with the moly now until that money arrives, if we can diversify and add high demand commodity projects while we are waiting it gives us the prospect of more upside. I think the cap raising for this will come when there is good news to report on the moly side
so in summary we have
1) A good nickel project with near term production 2) High Grade moly with funding partners (lets see the cheque) 3) a new copper gold project
4) a cheap entry price with high reward lower risk (again lets see the cheque)
if management get this right and the yes the jury is still out , we could be looking at serious gains
IMO DYOR
VWM Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held