VMY 2.08% 11.8¢ vimy resources limited

Well, remembering that we had the 4.5c placement last week,...

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    Well, remembering that we had the 4.5c placement last week, which was well received, i.e. RCF sold out, Paradice came in, and some new money was raised, I'd be a bit surprised if we saw 4.5c again, but I've been surprised before.

    The placement transaction settles tomorrow, by the way, so selling associated with that should be largely over, I would have thought. Following the completion of the placement we will get the Change in Substantial Shareholding Notice(s), if any, which will shed a bit more light on it.

    I'm pretty relaxed about it all, at the moment, now it's all down to the future U3O8 contract pricing arrangements and finance, I've got a fair bit of confidence that VMY has got the right people in the right positions, so that when the dynamics change we will be right there in the mix, at the front.

    B22.

 
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