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VAN

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4.7¢ vango mining limited

Kori,Agree with yr 7 points of Questions..The most important...

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Swiss Gnome

569 Posts.

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05/09/19

01:34

Post #: 40316140
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Originally posted by kori: ↑

Deep Breath- See Sloth I am all for freedom of speech and constructive criticism but have a look at CashedupBogun's latest post - then you tell me how can you support and defend posters that don't resemble one shred of objectivity or integrity - all of his posts are mendacious, asinine and malicious - In fact if you see all of his posts on Hotcopper (not just VAN) it follows a similar MO - Bag the Directors, MC too high, over valued, not likely to be T/O target, Marketing hype, and his knowledge of the industry is impeccable because he 'knows' Barrick and yet he holds NO shares in any company he posts on HC ... so Sloth I will always defend my company from BS statements from posters who have malicious motives

Sloth to your second point , most people know who I am on HC as I have always been up front and objective.... regardless if you drill down on my name you will see I have posted many times on this thread.. I am one of the longest serving suffering shareholders in VAN in fact Pre IPO (16 years) when Vango was Ord River Resources. I have been in the past VAN's company secretary and part time accountant. I have participated in every CR since IPO. My entities put me in the top 15 shareholder group.

Now here is what I am demanding from the current board:

1. Need to know when an updated JORC is likely to be due?
2. What are the updates from the DMP on approving VAN's mining plan?
3. When is mining likely to commence?
4. Update on legal issues with Billabong!
5. How is VAN going to fund its operational plant (estimated $50m) - CR or debt or gold loan or a combination?
6. When are we likely to get a big institutional investor on our share registry (so the big boys can take notice)?
7. When are dividends likely to be paid?

Sloth I hope this is transparent and objective enough for you!

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Kori,
Agree with yr 7 points of Questions..
The most important being the 1st.. & all need answers positive to support the last.
The holy grail of a mining company paying a dividend..
Run an ASX mining check as there is just a handful of them sadly.

Because if the JORC is strong then nr 6 on yr list may happen.
+ nr 5 could be debt funded with forward sales.

Its all about JORC volume , grades & AISC.

Lets see what washes out.

There are a few more bumps & hollows in the road for this "enterprise" to overcome.
But if the numbers in the ground are good then anything is possible.

Best,
S:G

VAN Price at posting: 21.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

2 Great analysis

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