VAN 3.85% 7.5¢ vango mining limited

" What is this management up to?" Good question @ alwayshopeful,...

  1. 555 Posts.
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    " What is this management up to?"

    Good question @ alwayshopeful, as you hold I hope this all works out for you. I've been watching from the side lines for sometime (thankfully) and I have been wondering the same thing.

    Expect there is a fair possibility (imo) of the ASX issuing another Appendix 5B Query sooner rather than later, the company, (VAN) must be running on fumes imo, $204K in treasury and outgoings for admin and corporate costs of $250k alone for the quarter. Last time I looked credit card interest rates were around 15%, these guys are paying 25 and 30% for borrowed funds, just how long can you keep kicking the tin can down the road?
 
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