Most Chops but not the whole holding.....I was furious management decided to put one last knife into the shareholders by bringing out a bad ann when the night before the DOW dropped 400pts, so kept some back because my prediction is VRE would have jumped a cent or 2 the next day. We'll never know if it would have or not.
Once it become a grade issue as opposed to TG saying a month or 2 before "we are hitting higher then anticipated grades" it was time to call it a day.
I always knew management were being deceptive ect, especially after a ph-call to Gooch a couple of months back when he wasn't so forth coming and wouldn't answer direct questions. I just believed and still believe they aren't crooks and had a sincere intention of getting the project of the ground. A white elephant project simply gobbled them up.
VRE isn't my typical type of investment. Made my money with explorers with great upside ground, competent and honest management with a good track record.
Never get into a startup with serious cash-flow problems again with grades that low. Only lost money but gained valuable experience. Experience which will make a monatary gain the future anyway.
GGG, TGS, EPG, ESG, TTY, BUR are the bulk of my investments at the moment and will be keeping for the next 2 years at least. Will be looking at loading up more DRX and EPG in the future. Got some NME the other day at 31 cents as a punt.
Alls cool...Its the combined end result that matters!
re: wrxsti and roboshan (grahod) Code: VRE - VIEW RESOURCES LTD (Google VRE) Post: 2527370 Reply to: #2527281 from MAGADAN Views: 576 Posted: 06/02/08 12:27:45 PM Sentiment: Buy Disclosure: Stock Held From: 203.171.xxx.xxx
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I say get out.
Tonnage was met but head grade was 35% less then what it should have been. Extremely concerning! The ball game has now changed!
Not a superstitious guy but when we got management successfully pin pointing terrible market days to release bad news theres got to be a message in that!
The project is a dog. When you got management continuously holding back detail then alarm bells ring.
Another BDG written all over it!
VRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held