No doubts a Cash Raising coming up.
Majority (but not all) of RCF was cleaned up by Paradice which is awesome. A bit of the excess that broker needed to get 100% of RCF out, was not LT, and is getting sold off to make a quick and easy buck (placement was at 5.1c) and some may also be selling in the hopes that they can participate with that money immediately again with a double grab at a possible CR.
Once CR is done, and now that RCF is OUT, fundamentals will prevail. This will soar when new LT contracts get visibility at much higher U prices
The Mulga Rock resource is incredible quality. There is little down side risk from here. And for some who still question, approvals for Mulga have been granted, only thing remaining is some technical consents like where will tailing dam go etc etc. should be great 2016
Cheers
Pez
VMY Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held