Post by
zBankerz on Jul 16, 2010 10:34am
Licence renewal in June 2010
The following is taken from the filing on Mar 31, 2010 (Annual Information Form, page 16) on Sedar. I cannot resist but have to post this (having been waiting for a while now). Has anyone heard anything about the permit/licence renewal? Has it been renewed? Is this also weighed on investors mind -> no movement past $1.50?? I certainly do not want to see one day VTR issues a NR - licence suspended for now... I have lots of riding on this stock.....
Kiaka Gold Project
Project Description and Location
The Kiaka Project was acquired from Randgold Resources Limited (“Randgold”) in November 2009 and
is located in south central Burkina Faso, approximately 120 kilometres southeast of the capital
Ouagadougou. The Kiaka permit is an exploration permit covering an area of 244 km2, and was
guaranteed to Randgold Resources on 17th June 2004 for a period of 3 years by arête No2004/00/083/
MCE/SG/DGMGC. On 13 August 2007 the permit was renewed for the first time for a period of 3 years
by the arête No2007/ 07/116/ MCE/SG/DGMGC. The permit will be due for renewal again in June 2010
for another 3 years subject to the reduction of 25% of the present permit area.
Comment by
zBankerz on Jul 23, 2010 9:55am
stayhumbel, "...I suggest you email or phone the company if you have any questions... myexperience is a reply in 24-48 hours..."I emailed the company as you suggested and still got no answer back after 4 days already... maybe they do not like me asking that question?
Comment by
stayhumble1 on Jul 23, 2010 10:48am
My best guess is that after putting on a such a huge drive to get that N1-43101 completed on target and probably a lot of overtime, that a lot of staff have probably gone on vacation for a well-deserved break. If that's the case, I'm not surprised that the response time is longer. Looking forward to their reply also and to some good drilling results from Nassara.