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13/09/17
18:32
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Originally posted by alwayshopeful
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This is a game changer for VAN! At least the management have acknowledged the fact they know nothing about mining and got some brains on board! The fact that Peter Hepburn-Brown is putting his name to VAN speaks volumes, he certainly wouldn't be doing that if he didn't see a significant up side there at this stage of his career. He is very well regarded in the industry and well connected, which is of the up most importance in this game. He will have no problem in raising cash for VAN, he just raised $8m for CAI (were he is on the board) through a reverse listing and their SP has gone from 2c to 4.7c in a couple of months. The fact he is involved will also attract significant interest from investors and institutes due to his rep.
Interesting VAN and CAI have a similar market cap, but CAI has only half the JORC resource and their project is certainly not as advanced as VAN's with regard to infrastructure and mining approvals, or grade for that matter. The CAI board have also managed to create liquidity with vol of over $1m some days, which VAN is seriously lacking, which is purely due to institutional investors not being involved and probably not knowing VAN exists, which will now change. I'd say Peter has also brought DJ Carmichaels to the table and must be fairly well advanced in funding talks for VAN to announce that they are involved IMO. This would never have been able to be achieved by the current board alone. Exciting times ahead, Peter will see this through, and he certainly won't let it fail now he is part of it.
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Hi alwayshopeful. This is the best news from VAN for a long time. At last, some real experience to refocus and maximise the opportunities available to VAN. A good CR, coupled with the new appointments, will hopefully see VAN move into production. Cheers, E.