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VKA do seem to have been rather unlucky, both in Mongolia &...

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pmd3nka

3,778 Posts.

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29/04/19

14:56

Post #: 38307152
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Originally posted by Beard_of_Zeus: ↑

STTCOMP VKA FA LONG

Can you tip a stock because it's simply well overdue?

As mentioned the other day, VKA is a GTT shell sitting close to cash balance (~$3.7m MC vs ~$2.4m cash). They are also owed another US $3m. They are attempting to squeeze the money out of the purchaser through the legal system in Ghana. I don't want to shock anyone here, but who could have ever envisaged a partial none-payment from a Chinese company? Mind blown.

Allegedly, they still own the rights to the tenement in the case of none-payment, but how this pans out is anyone's guess.

They have also been on the acquisition hunt for quite some time;

From ann on 19th March;

"The directors are continuing preliminary discussions (some which are on an exclusive basis) in relation to a number of these opportunities"

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VKA do seem to have been rather unlucky, both in Mongolia & Ghana. Once is bad luck, twice a coincidence, a possible third time .... ?

At least they have now got Tumentu to explore.

pmd3nka (not held)

XAO Value at posting: 6,444.2
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