See kathy50 this is not correct. Once again if the non holders actually read the releases they would know what Vango is doing rather than speculate. read Chairmans letter 4th April 2019..some extracts:
"With the financial stability of the Company now firmly in place, management has been able to direct resources to a detailed and extensive review of the massive bank of data files of historical drilling and analysis inherited by Vango on its purchase of the Marymia resources. Much of this information was obtained from Resolute, Barrick and then DAU. Vango is working to ensure that this significant historical investment (Estimated to be in excess of $130 million)..is not wasted."
So instead of a'spray and pray approach' we have a specific drilling program in place "to allow the development of precision targeted and on going exploration programs in areas that have been identified as priority targets for expenditure for future drilling. These targeted areas, with supporting historical data, are already being built into the mining model in order to support the application for mining"
VAN Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held