PINL:VLTAF - Post by User
Comment by
VentureTrader1on Oct 01, 2012 1:36pm
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Post# 20434079
RE: so no production?
RE: so no production? No, according to the latest presentation, the company is still targeting 2014 for production. However, the market is basically saying it doesn't think the company will be able to raise the 607 million required to fund the construction, or at least won't be able to raise it without massive dilution. To date, the company hasn't provided any re-assurance that this isn't true, so as a result, nobody wants to buy, particularly after the Kiaka South discovery proved to be substantially less than a 'game changer' for the company.