"The new name for the combined business, Vault, was selected for its significance to us as a profitable, financiallydisciplined and returns-focussed gold producer. A ‘vault’ is a secure store of value that is built to last. Throughhistory to the current day, it has often been used to store something of very high value – gold. Embedded inthe word ‘vault’ is also the chemical symbol for gold (Au). As such, we consider the new name to embody manyof the key objectives of our long-term strategy, which is to be a valuable producer and supplier of gold for thebenefit of all of our stakeholders."
At the very least it shows he tried to placate us by rationalising the name choice. Not sure it passed the wine cellar sniff test and still believe we came up with some better alternatives.
VAU Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
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