6 weeks to go, brent oil down 8%, North Korea getting ready to attack and we dont have anything except a $500mm loan out. Every positve event turns into a story that destroys value with this company. 6 weeks to go and no announcement, something is wrong, market making all time highs and were stuck in 2010.
Painful! What a set back.
Plan on Tungsten being delayed into the summer. Bragg said if they didnt have a contract by february it would impact their ability to establish a crue ontime.
Gold crushed today, oil will be next, not sure who is going to pay up for a spot contract now.
Tungsten will be another story, look for delays into the summer and for vtg to use its credit line to make the May 1 debt payment. Its kinda like using your credit card to pay the electric bill, pretty much know you f'd.
Side note: Dalian is completed, new pics up and is scheduled to be delivered in Q2.
Cant believe this team couldnt execute on a contract, what havent they dissapointed on?