Short Term Trading Week Starting: 5th Sept, page-74

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Green Bull

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05/09/16

16:00

Post #: 18939687
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Originally posted by Green Bull ↑

VXR

A bit of buying on Friday:

View attachment 239307

Definitely flying under the radar and should move hard in the short term (imo):

Notes/catalysts:

- $17m market cap (at 0.007c)

- ~$5m cash

- Just raised $4m at 0.006c to fund an agressive drilling program

- Drilling commenced on its Zinc-Copper Whim Creek project

- Receives ~$1.6m income per annum (until 30/06/18) from its heap leach operation which will most likely be renegotiated and extended further past that date

- Research report from July put a 3c or $60m valuation on VXR

- Currently drilling its Whim Creek Zinc-copper project

- Spent 6 years and $60m assembling the current copper-zinc asset portfolio

- Recently signed a Lithium MoU for exploration on its grounds by Canadian MacArthur Minerals, with no cost to VXR, only upside

- Zinc flying at the moment and VXR has massive JORC resources

- Great register and backing of the company (top 20 held 76% prior to recent CR)

- Northern Star Resources (NST) are a major holder and have just put in a further $750k of cash into the company via the recent CR (they're no fools you'd think)

- Directors have plenty of skin in the game and have just put in another $296k of their own cash via the recent CR

Just a quick overview and I'm sure I've missed a lot more positive information/catalysts.

Cheers,

GB.

Expand

VXR

Buyers building at 0.7c (from 2m this morning to 11m now) and 0.8c being taken out slowly.

More fundamental details/information:

http://hotcopper.com.au/threads/ann-start-of-drilling-programme-vxr-ax.2858514/#post-18929616

Cheers,

GB.
3 Upvote

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Short Term Trading Week Starting: 5th Sept, page-74

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Short Term Trading Week Starting: 5th Sept, page-74

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