Vaaldiam Mining Inc VAALF

Cash flow???

[dollarhunter]

Am I correct in understanding that VAA has no cash flow and less than $1/2 million in cash assets, or am I reading the financials wrong???   Anybody able to clear this up for me???   Holding for better days.   Thanks in advance.


Regards, DH

[rborhi]

What happened to the $5 million they picked up this year from selling one of their Brazilian assets??I would have thought they could have re-opened the diamond mine by now and get some money coming in, the economy has recovered somewhat.And they were going to use that $5 million for more sampling on another Brazilian property.Hasn't been a productive year for VAA...

[Cheeeeeze]

Sadly, I'm guessing most of it went to keep Kenny and the Gang's six figure salaries intact... 'bout a million bucks for the exec pay alone.  I've lost a lot of faith in management after they sold off one of their best assets, apparently without putting it to any use. 3.5cents isn't even worth selling at, I mean really, how much lower can this thing go...( touch wood)