Time to get off "if this cash burn rate continues"
View certainly are going to have a few tight months ahead until the positive Cash flow from Bronzewing can support Carnilya Hill development funding requirements. The last cash raising was a necessary backup option though.
With Bronzewing capital developmet work completion by the end of the month and both undergounds producing - there is very good reason to be quietly confident.
Views management has made some tough but rational decisions over the last few months but these now seem vindicated. They have had a lot of flak from some disgruntled holders but this is not an easy business and you have to be prepared to ride the waves. I fully support the two project policy particulaly with Mincor as the major partner at Carnilya hill. It is wise not to rely on gold alone.
Nickbou I think an announcement during the coming week will restore some confidence in the stock. I believe you are right to have "a funny feeling" that Monday will see some scoreboard pressure on that share price. Although I am already in pretty deep with this stock I am very tempted to get in quickly and add a few more at this point in time.
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