I'm still here nickyj. Nothing specific to add at this moment in time. Expecting production figures for November to come out this week and an update on current status of ore flow from undergrounds. Also anticipating an exploration update prior to the Christmas break also - has been quite a bit of work done over the last few months that must be close to report stage.
Definitely have not lost any confidence - on the contrary in fact - bought more stock late last week. Every week forward is a week closer to having two mining projects up and running.
There is one thing I have learned over the years with mining projects - there are optimal times to invest.
I avoid the very early speculative IPO / exploration stages although you can be in and out and often do well - I like to see the goods. Characteristically there are ups and downs as the project progresses acording to drilling results / commodity prices leading to the scoping and feasibility work. Positive outcomes here usually see a good increase in the share price. Then we usually see a drifting in the price leading up to mining and infrastructure development. Closer to production there is another upward trend but quite often there are problems/delays along the way and the share price takes a hit as impatient holders bale out. Over all these phases, commodity prices and the mining market/risk sentiment status have some over-riding impact.
All this leads to - when is the best time to buy mining stock? The situation with View Resources at the moment epitomises the best time to buy. You have a combination of bankable projects ready to go at a time when commodity prices are excellent AND impatient/nervous holders have sold down the stock to low points.
Do I need to say any more!!!!!
VRE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held