VAN
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3.85% 7.5¢ vango mining limited

Ann: Supplementary Prospectus to Options Offer-VAN.AX, page-5

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  1. sydney6791
    3,646 Posts.
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    20/12/16
    09:45
    Post #: 21451739
    VAN has $4m debt,
    DAU has $3m cash
    VAN needs to pay $6m to DAU in future,
    Total $13m difference.
    DAU only has 1/4 number of shares VAN issued.
    13*4=$52m difference.

    And now VAN relies on DAU's money to develop.

    BUT: DAU' SP is only half of VAN,what is the logic on earth? LOL
    Last edited by sydney6791: 20/12/16
    VAN Price at posting: 5.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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