Post by
lilswede on Apr 07, 2011 4:07pm
schmid
4. Mgmt seems able to get things done, sale of non-core assets for good terms and getting excellent NPV on one
PEC. (time will tell @ this mine, any improvements and NPV could be even higher next time, till then many news
worthy items they can report to the market to keep any momentum going.)
Unfortunately, management is a problem. They come from TIO where for years they got nothing done ( Kwale Mineral Sands) except dilute the stock. The management is what I believe is holding VAA down, not on purpose, but there has been very low trading on VAA, as in no buyers. I think what they are now doing looks very promiseing, we just need to get over the TIO hangover.
JMHO