Mincors Half Yearly reports strong profit so cash flow from Carnilya Hill to VRE must have been pretty solid.
Mincor is cashed up so will love to take VREs 30% share. I think AARII will probably be happy to off-load Carnilya Hill for a decent price and recoup their secured funds. There still may be something left (hopefully at least a few cents per share) for shareholders - I hope. We will find out in the next couple of months. AARIIs large holdings of Ordinary Shares would be in the same pecking order as all of us so they will be ensuring maximum return from View Resources and View Nickels Assets so that is a plus.
VRE Price at posting:
$2.60 Sentiment: Hold Disclosure: Held
