Very positive Q imo with many exciting projects. Our JV partner Rox will receive about $4m in new funding from the all cash TO of Cannon today. That will advance the Youanmi JV to at least a feasibility Study and perhaps a DFS. Venus has a 30% stake. To think that VMC received a big holding of Cannon shares for free and more under a first priority issue offer. Matty didn't take up the offer and sold the freebies off at about half the TO offer of 45 cps. Good to see the Pincher Well gold find highlighted in the Q. The high grade shallow gold discovery with close proximity to the Checkers mill at Mt Magnet gives even a small deposit a good chance to be commercial.
VMC Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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