re: Ann: Further high grade Au assay results ...
Hi Petunia (and others),
The assay results certainly indicate the presence of gold, as would be expected in that part of the world, but at this stage they wouldn't indicate a minable resource IMO. If you take a look at what AMX has at Batie West, or even what MET are showing up at Nabanga, then VML has very little in comparison. Perhaps they will get better results in time from another of their tenements, but at present it's easy to see why the market is not getting excited. On the other hand, when JOGMEC hands over more cash next month and hopefully some progress at Watershed is reported soon, then the market may be inclined to re-rate the SP a little. Whatever, at the current level it has to be a pretty safe place to park cash.
As for BSM, that has been a real disaster story for me. Hopefully in a few days' time they'll announce that their financier has approved a debt restructure and trading will resume. It won't be pretty if it does but any SP would be better than oblivion.
VML Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
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