If you happen to be watching my blog at the moment...I was going to buy these this morning at 8.8c, but missed out, so ended up buying some at 9.2c. See Google Finance.
1. Vital Metals (VML:ASX): The company is exploring a tungsten skarn in Qld (Watershed) and Burkina Faso (gold) in Africa. Scope for 50% increase.
a. Capital: The company has 186mil shares at 8.8c worth $16mil. Cash $1.5mil. They don’t have enough cash, though they look like they are about to recover.
b. Reports: see presentations and Google Finance.
c. Burkina Faso: Apparently there is an underutilised plant 45km to east. Their areas lie at the juncture of two crustal faults. See report. One of the cheapest remaining exposures to African gold. They have a good tenement position.
Andrew Sheldon www.sheldonthinks.com
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