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VAN - Vango Mining

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Re: ORD - Ord River Resources

trillionaire#1 said:
all quiet on the ORD front right now,the company is offering up to 120 000 000
new shares @ .125 cents per share to raise $15million for explorations and development of the company,but the SP has been hovering around the 7-8 cent
mark so whos going to be taking up the offer?

ORD owns a 49% of joint venture company SARCO which has invested in two
exploration areas (A 436KM2 tenement and a 66km² block within a 138km² tenement)in Laos.

The project has one of the highest quality gibbsite dominated bauxites in the world with high alumina to silica ratio,and a total initial identified JORC compliant indicated resource of 93.7 million tonnes of bauxite.
further,the company believes the Bolaven Plateau has the potential to contain in excess of 2 billion tonnes of bauxite.

this may all sound promising but unless they raise needed funds will this small
cap explorer fall by the wayside?

this issue of shares will be partially underwritten to $3million by Commsec.
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Announcement out yesterday - they got their minimum $3 mill requirement to keep going with 24 mill shares placed. I wonder how many of these are held by Commsec - I would suggest maybe the whole lot as the sp sank to around 7-8c after the cap raising was announced. I couldn't imagine too many takers at 12.5c

Their funding dilemma is very real. They have a brilliant project on the Bolaven plateau with a Chinese JV partner that want's to keep it moving quickly. There is no option to go in to hibernation to conserve funds. If they cannot fund their share of the exploration I suspect we will see them diluted away in the project. The results were coming quickly but the cash was going out pretty fast too - $3 mill will not last too long but may be enough to prove up the resource sufficient for an alumina refinery and then we might see some interest return...?
 
Re: ORD - Ord River Resources

Yes, they do have real problems. Doesn't really matter how good their project is, could there be a worse time for them to try to raise money through share offers??? No surprise to see the offer close undersubscribed.
 
Re: ORD - Ord River Resources

Looks like its been all quiet on this thread - thought I would get in early with my stock selections for the New Year. I have Ord River Resources as one of my top 5 stock picks for 2011. Started accumulating shares over the last week. Time will tell...
 
Re: ORD - Ord River Resources

Piggy Bank said:
Looks like its been all quiet on this thread - thought I would get in early with my stock selections for the New Year. I have Ord River Resources as one of my top 5 stock picks for 2011. Started accumulating shares over the last week. Time will tell...
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Talking to myself on this thread. Nice spike for ORD today to 10.5 cents. Pretty happy given my average share price for this stock is 4.9 cents. Maybe the recent price movement and volume will attract some interest in this thread. I believe there will be many more positive announcements moving this project forward in the near term. The company has repeatedly stated that it expects a resource upgrade and then a favourable final decision to proceed with construction and mining. Great to see they have the foresight to plan for future project funding early.

I have picked this stock every month this year for the ASF monthly stock tipping competition but forgot last month. Well done "trillionaire#1" on picking this stock for the month of May! Hope to see you back on the thread. :)
 
Re: ORD - Ord River Resources

holy goats droppings that is a favourable price movement. I guess you saw that coming right? someone really wanted in. What is the story, what are they doing and what happened PB ?
 
Re: ORD - Ord River Resources

pretty big downward candle today... with even more volume than yesterday.

I'm a big time newbie but I imagine it's old money profit taking?

tomorrow will be interesting.
 
Re: ORD - Ord River Resources

seems ORD is in a freefall (technically) that chart looks bad, unless you are short on it.
 
Re: ORD - Ord River Resources

This is a stock that makes you look on with jealousy.
Would you buy now on that jump ?
There are a lot of people all over this stock, people who have made a lot of money in just a week.
I watch only, this stock does not match my risk criteria. If anyone has any valid analysis / background I would be interested in hearing, I know there was a contract announcement today...

ord june.png

it could make you or break you, I think you're basically a leaf in the wind with this one!
 
Re: ORD - Ord River Resources

I expect a "Market Sensitive" announcement in the next few days if the history of ORD since January holds true. They seem to have been making market sensitive company updates every 8-14 days. The one I am anticipating soon is the expected JORC upgrade for their Laos Bauxite Project currently being undertaken by SRK Consulting. The surprise will of course be the actual size of the upgrade...significantly large/massive and further north the share price will head. :)
 
Re: ORD - Ord River Resources

OK. Market sensitive announcement today was about Caledon Acquistion which has given some clarity and certainty on the takeover.

"The offer price remains at £1.12 per share in cash. This values the existing share capital of Caledon at approximately £313.1 million. GRAM announced the firm intention to make the offer after having received Chinese regulatory approval and secured full cash funding. The acquisition will be effected via a scheme of arrangement. The offer was recommended by Caledon’s board. GRAM has secured irrevocable undertakings and letters of intent from shareholders and directors representing a total shareholding of 53.52% in Caledon."

"ORD currently holds an option to acquire up to 10% of Caledon post financial close."

Still awaiting JORC resource upgrade for Laos by SRK Consulting.
ORD also like to announce things in pairs so hopefully this is also in the pipeline. :)
 
On December 24th, 2014, Ord River Resources Limited (ORD) changed its name and ASX code to Vango Mining Limited (VAN).
 
Well it appears someone had put some petrol in VAN early last week, with the price having nearly doubled in that time.

160510 - VANs.jpg​
 
Vango Mining on fire during May, doubling in price on no news.

Predictably, the ASX sent the company a price and volume query dated 9 May asking if the company was aware of any reason for the unusual trading in its securities. The company replied with the following explanation:
On 24 April 2018, the Entity made a market announcement titled "VAN High-Grade Gold Intersections from the Trident Gold Deposit" (Trident Announcement).

As reported in the Trident Announcement, the Entity is conducting a drilling programme and "...has received the first assay results...".

The first assay results were reported in the Trident Announcement, which further reported that "...4 diamond drill-hole tails remain to be completed and results will be released as they become available....".

The Entity’s remaining assay results are not yet available and will be released as they become available.
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So it looks like there may be some positive drilling results coming from the company in the near future. ;)

big.chart-VAN.gif
 
Coming back to Vango Mining a couple of months later and it has been holding up relatively well in spite of a decline in share price earlier this month from 25c back to 16c. The pullback appears to be as a result of a capital raising announced on 4 July where the company raised $5.1 million by issuing 28.3 million shares at 18c a share.

VAN appears to have found support at 16c and looks set to start moving north again.

Drilling continues at a series of high‐grade gold targets at the Trident and Cinnamon deposits on their 100%‐owned Plutonic Dome Gold Project in mid-west WA and results that have come through so far are encouraging. More results are expected in the coming months.

big.chart-VAN.gif
 
I'd like to see a handful of low range low volume days on this one to see how much Supply is left at the current levels.

Current Market Cap a bit over $80 million …… As you say Greg, recent cap raise gives them around $5 million in the bank … and hopefully sets a floor of 16 cents on the SP

These Gold deposits has been around for a long time with DAU (Dampier) seemingly taking forever to get anything moving. No doubt there is a lot of Gold in the area so a bit more action and drill results might spark some Trader interest.

I used to own Dampier a few years back but lost faith in their management …. Maybe VAN can be more productive with the projectso_O
 
Miner said:
- drilling commenced this week. Recently raised capital at 8 cents. Fingers crossed - the drilled sample result will be known by August.
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Good luck with it Miner. 12 cents looks like the potential springboard if they can rustle up a few good drill results.
 
barney said:
I'd like to see a handful of low range low volume days on this one to see how much Supply is left at the current levels.

Current Market Cap a bit over $80 million …… As you say Greg, recent cap raise gives them around $5 million in the bank … and hopefully sets a floor of 16 cents on the SP

These Gold deposits has been around for a long time with DAU (Dampier) seemingly taking forever to get anything moving. No doubt there is a lot of Gold in the area so a bit more action and drill results might spark some Trader interest.

I used to own Dampier a few years back but lost faith in their management …. Maybe VAN can be more productive with the projectso_O
Click to expand...
@barney the singer :)
You took few years to understand Dampier DAU management. For a change my research (?) Over few pints told me to stay away from them.
Long story if DAU takes over VAN, price of later will go up. I will make a quid and quit. My wishes only.
 
Anyone got an opinion on Vango’s capital raising? How are they doing it and how it could effect the share price?
 
On March 3rd, 2023, Vango Mining Limited (VAN) was removed from the ASX's Official List in accordance with Listing Rule 17.14, following despatch of compulsory acquisition notices by Catalyst Metals Limited.
 
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