VRE are In Voluntary Admin at this stage, unless they can refinance, work things out, (doesnt look good),they will go into thanks for coming permanent Administration. Adding the cost of the Administrators Ferrier Hodgson fee does not make it much better.Financiers may be unwilling to bail out VRE, BUT if Gold keeps going up, it will be worth it, VRE has some great assets.
Goldies not performing as market still does not trust resource Gold shares,people putting many in bank.Need Joe public to start investing,out of bank shares as they still are oblivious to what is going on, inflation eating away at their savings. However once Joe wakes up and finds that there is no where else to invest, they will start sniffing Gold out, also the magical U.S $1000 an ounce level needs to be surpassed and stay there.
Also Gold ETF's taking much money away from Gold shares.Advantge for Gold companies this time around is that Gold price is still rising, wheas in the 80's Gold spiked and went down from there,it is just a matter of continuing patience, Gold resource shares will do reall well.
VRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
