"In any situation where a company's future is not clear"
The issue that is not clear at the moment is simply Views decision as to provision of the short term working capital and refinancing. Electra although you present you comments in a very subtle way, clearly from your slant you are of the opinion that the Company is on a knife edge. The current cash flow / working capital conundrum is a common issue with small cap mining companies as they use up their limited capital to shift to the production phase. As long as they "have the goods" and backing from shareholders there should be no worries. As gold production appears to be on track, the gold price is strong and there is backing from shareholders it is looking positive.
Everything is pretty clear to me and it is so simple and fundamental. Do they have the gold reserves and production capabilities to run profitably? We will know by Christmas.
As you put it Electra "The proof of the pudding is in the eating" so it will either be a rich Christmas Pudding or a Humble Pie.
Quite right electra - Trading Halts are for short term "pending" announcements within 2 working days. If issues are going to take longer than 2 days to resolve and announce - suspension is automatic. Nothing sinister it is just a rule.
VRE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
