It seems like marketing has stepped up a notch. Another recent piece.
Minefield: Small miners with big friends
By Tim Treadgold from InvestSMART
Thu 27 September 2018 04:30 PM
Venturex (VXR:ASX)
A third example of a base metal explorer striking a deal with a bigger cash-rich partner is Venturex Resources, which is in the final stages of a feasibility study into the Sulphur Springs copper and zinc project in WA.
Like Peel, its well-heeled friend is a goldminer, Northern Star, which is interested in diversifying from its near-total reliance on gold.
Earlier this week Northern Star agreed to provide a $2 million loan so Venturex could complete the definitive Sulphur Springs mining study.
If developed the project would produce copper concentrate at the rate of 60,000 tonnes a year, plus 45,000 tonnes of zinc concentrate.
Venturex has been able in recent months to cut the capital cost of the project by $18.7 million to $65.4 million largely through a saving made on acquiring a second-hand accommodation camp.
Northern Star, which is already the major shareholder in Venturex, provided the $2 million loan at an interest rate of 8 per cent, repayable after 12-months in cash or with Northern Star taking Venturex shares in lieu.
On the market, Venturex has reclaimed a price of 18c after sinking to 16c last week.
- Forums
- ASX - By Stock
- VXR
It seems like marketing has stepped up a notch. Another recent...
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DVP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.11 |
Change
0.020(0.96%) |
Mkt cap ! $544.4M |
Open | High | Low | Value | Volume |
$2.09 | $2.11 | $2.04 | $462.0K | 222.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4666 | $2.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.11 | 4581 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 2.070 |
1 | 25000 | 2.050 |
1 | 8000 | 2.030 |
1 | 495 | 2.020 |
1 | 850 | 2.010 |
Price($) | Vol. | No. |
---|---|---|
2.140 | 1953 | 1 |
2.150 | 5070 | 2 |
2.160 | 22672 | 2 |
2.170 | 251 | 1 |
2.180 | 380 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
DVP (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online