Just making sure the VAN thread is working. I thought there may be a problem with it seeing the DAU thread is being bombarded with VAN holding crybabies. Why they bag VAN there and not on this thread baffles me. Looks like they feel duded by VAN and are trying to blame DAU for the decisions VAN has made. Well suck it up guys and complain to the right people. Put it this way if one of your kids borrows money from the bank and blows it, who's at fault, your kid or the bank? It's obvious from some of the misinformed comments made by the disgruntled VAN holders, and tag-along-crew, they don't even understand the basics of the proposed JV. My guess is that they wouldn't be aware that in the event VAN can't fulfill their financial commitments to DAU (which they currently are unable to do) DAU have made contractual provisions to place a mortgage on the K2 tenement. They probably haven't considered other components of the 'deal' too. I spoke to representatives from DAU at the time the VAN JV was first aired. One of the major benefits from DAU's perspective at that time wasn't future gold production but the fact that all future mine site rehabilitation costs (very significant) were transferred from DAU to VAN. Look guys, if you feel duded by YOUR company, spend your time taking your concerns to YOUR company, not DAU. DAU has a new and exciting vision, lots to look forward to. I'm not saying VAN whingers are not welcome on the DAU forum in fact it may be worth starting a "VAN surrogate sooks" thread to cater for it. Cheers, E.
VAN Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held