I guess the DFS preview a couple of weeks ago had already set the expectations for a non-event. $4M spent this year, plus $2M debt for no effect on SP. ED had pay increase but no results to speak of. Sad to say but by Friday, this report will be gathering dust and forgotten altogether. Still a couple of months away from permitting, finance is non-existent, no more money left for drilling. They claimed 15 months to production - based on what? Unless they are heading down with their shovels, pickaxe and pushcart. Happy to be proven wrong, but I call it like I see it.
So what's next? I am praying for gold results from DEG Loudens Patch later this month.
VXR Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held