XAO 0.39% 8,518.9 all ordinaries

Short Term Trading Weekend Lounge: 16 -18 Sept, page-16

  1. 2,335 Posts.
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    VEC IMO, small cash on hand but tiny MC for what they are about to acquire - ~25m but have secured over $100m aussie in project funding through to DFS and decision to mine on a 3.2moz gold mine DRC (subject to resource upgrade to 10+ but nothing concrete. Other secured project with results due very soon too so quite possibly a few events on the horizon (but LT holders have been waiting a while for the main project acquisition to be finalised - “any day now”.

    GLA another, just started drilling should have resulys on 4-6 weeks weather permitting.

    Disc. held.
 
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