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42.5¢ venturex resources limited

More likely the rest of the world is waiting for the receivers...

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McKhenry

726 Posts.

64

14/01/19

18:41

Post #: 37110997
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Originally posted by corp01: ↑

I think that debt funding is not a wise option for VXR. The better option, I think, is to bring in a financially strong partner such as Sandfire Resources with (say) a 50 per cent stake. Such a move may go some of the way to funding VXR's share of the project. In contrast, funding 100 per cent of the project with debt will most likely result in a rocky road for VXR shareholders. I also think that the apparent lack of interest from industry players in becoming a strategic partner means that the project in reality could be marginal..

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More likely the rest of the world is waiting for the receivers to come in

VXR Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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