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VRE - View Resources

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Lol. It is obviously fairly serious discussions.

The capital WSA raised wouldn't be enough to take out VRE I wouldn't think. That doesn't discount future farm ins etc. I doubt whether view would let anyone farm in to Bronzewing now that it is up and running etc. though. I'm not sure if WSA have projects in the area however...
 
Have just self-diagnosed......Suffering a spot of TSS.....Takeover Speculation Syndrome. Unsure on the treatment however....
 
Well there's nice movement upwards after they have raised 30 million. That makes them quite attractive to me, but I may have missed the boat.

Good to see them trading again has been bugging me on my watchlist.
 
doogie_goes_off said:
Well there's nice movement upwards after they have raised 30 million. That makes them quite attractive to me, but I may have missed the boat.

Good to see them trading again has been bugging me on my watchlist.
Click to expand...

Really?
Well iv been a holder for a few months now but seems to reward thus for.

Bit of a dog this one. But i guess my expectations were a but high after the 2-weeks trading halt i was expected NIA style sp appreciation!!!
 
doogie_goes_off said:
Well there's nice movement upwards after they have raised 30 million. That makes them quite attractive to me, but I may have missed the boat.

Good to see them trading again has been bugging me on my watchlist.
Click to expand...
My question is why the hell were they raising capital at 40c when it had been trading in the high 40s and low 50s for the better part of a month.

Despite assurances from management that shareholders wouldn't be disappointed, I fail to see the value, or the short term SP benefit from doing this. Let alone the time it took to raise such a small amount. Was expecting something much bigger to be honest.

And shareholders wont get a guaranteed entitlement by the looks. I'm not impressed.
 
The market's told them where to shove their announcement too!!! Down close to 7% on the day at the time of writing this.

Why'd it take this long to make this announcement, and why did they have to have such a prolonged trading halt?

Maybe the trading halt was to breakup the falling sp after info regarding this capital raising got out???
 
OK so I misunderstood the market sentiment, not the first time for me. VRE is going to stay on my radar.
 
Two weeks off the trading boards to announce a capital raising? Seems slightly unnecessary to me. One would have guessed they would need to raise some capital to proceed with developing Carnilya Hill anyway,so don't know why we were subject to this drams. Thought it would have been a much more exciting announcement.

Once production gets closer, expect SP will start to move upwards Then there's also Bronzewing..........
 
http://www.viewresources.com.au/doc...ts-Majorcapitalraisingtofundgrowth_4Jul07.pdf

Fat Prophets are in and holding, recommending big upside potential etc.

Obviously some posters here and on H/C who think they know everything that actually don't know anything. That's where solid research pays off and you know when to buy and when to hold, and when to know your on a good thing - and put up with a few air pockets along the way to the road to riches.

I'm here for all the glory, and all the right reasons, and Thanks to sellers today for doubling my VRE portfolio
at absolutely below par prices. I'll wager Mr Singapore would have got a few more today as well.

wrxsti
 
(VRE) may have had the worst of its correction after announcing its capital raising over now. The fundamentals look very good at VRE and todays close was well off the lows on big volume meaning the buyers may be getting back in. Notice how this also coincides with three levels of support, being the 200 day EMA, uptrend line from mid November last year and the resistance turned into possible support from Feb to March this year. Also OBV has not fallen too badly in line with the correction meaning insto's are still in a good sign for the possible recovery back to old highs. I will not initiate a position yet and would wait for a reversal pattern, however the signs are that this correction may be over.
 

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I don't quite get it ... the fundamentals are well known, the raising was clearly explained about a month ago, Gold has had some big up-days in the past 3 weeks since this has come out of its trading halt and appart from the last 2 days the ASX has had decent rises YET this has drifted sideways OR DOWN despite all the hype from certain posters.

I have been in this trading caper for some 4 months and it was always drummed into me that to fall in love with a stock can be dangerous and that the market always determines the true value of a stock.

Chart wise this is a disaster and bottom fishing and hoping seems to be the caper here....

I bought some AXM months ago for 58c (as per earlier post) and have been buying more on 3 different occasions on the way up always paying more.

The concensus here is that this fall in price is a wonderful opportunity for topping up or averaging down..... is this really the way to trade ?
After 4 months the market and especially some participants really puzzle me

Rob
 
Gday Rob. I cant agree more with your 'catching a falling knife' analogy. However if you read my post more carefully you will see how I had stated I will not enter VRE as there is NO reversal pattern in play at the moment and doing so would be to just enter a downtrending stock, never a good ploy in the game of charting.

However I did alude to the possiblity of this at least consolidating at these levels due to the reasons stated. Again (as Kennas would call it Mr Market) is generally not too wrong and even if the fundamentals of a company are amazing, if the chart says no, I will not touch it with a proverbial 10 foot poll.
 

As a long term supporter of this stock, which is obvious, I can't see a reason to buy it at the moment. Something is very much not right. I'm out of all of the FPO's now and only holding options. Can't see this recovering anytime soon. And considering we are correcting as we speak, I'd say this one is bordering on being very much stuffed.

Cheers,
Chops.
 

Sorry lachlan ...my comments were not directed at you but another poster who has identical posts on HC and seems very enthusiastic about this stock .... he may well be right and this may turn out to be a big winner at a later date ?? it just beats me why people are so keen to buy this declining / sold off stock at this very moment.

If my MS exploration ever comes up with this one it will have to be above 49c and CLIMBING before I would even consider ...

Each to his own I guess ... so far my strategies of buying recent HIGHS has really paid of.... still holding AXM ans ESG as my only 2 entries and even a day like today won't hurt me to much (I hope

Rob
 
Anyone gone short on VRE?

Price currently 31 cents?


Anyone? I know it is not great to talk about shares dropping but there could be a case for VRE.
 
Ken said:
Anyone gone short on VRE?

Price currently 31 cents?


Anyone? I know it is not great to talk about shares dropping but there could be a case for VRE.
Click to expand...

Probably not good to be short at the moment

In a trading halt pending ann BUT unlike last time (cap raising) there was no hefty selling by insiders as happened then just before the trading halt.

So perhaps this time the news will be good.

Rob
 
WHAT HAPPENED TO VRE?

COmsec says $0???



Share Quote as at 11:32 AM Sydney Time, Thursday, 27 September 2007
VIEW RESOURCES LTD FPO

Code Bid Offer Last Change* Open High Low Volume News
VRE 0.000 0.000 0.335 0.000 0.000 0.000 0.000 0
 

Shares are suspended from official quotation - this means Comsec cancels all buy/sell orders automatically. Don't know for how long suspended - until short term financing sorted out.
 
Is this company still operating?

Are the shares still being traded by other brokers?

COmsec still showing 0 volume.
 
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