re: Ann: Barrambie Vanadium Project - DFS Com...
hey Dunny you say Rdr holders will get back more than the current share price.Do you have some good information or are you signing the cheques.
What you should be concerned about is the rampant cash spend by RDR and the amount of cash they have in binding contracts with a gas supplier.Just remember if they ask for the bond money back you can kiss goodbye to Barrambie.If they leave the money in the gas contract the cash supply is skinny and guess what you will all be asked to tip in more cash by way of a capital raising.
Sand Queen is not a cash calf and will never be a cash cow,so capital raising here we come.No more gold from Sand queen until July as per the last quarterly.
And these guys want to buy a mill to process ore from Sand Queen.Where is the money coming from?.Certainly wont be Weiss Capital in Conneticuit,they are nice and peed off after the spin they got.
NMT Price at posting:
23.1¢ Sentiment: None Disclosure: Not Held
