Mentioning this for the Vanadium(Us mine 2022)*not*silver Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Mentioning this for the Vanadium(Us mine 2022)*not*silver

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Internship who wrote (32)	8/17/2020 1:50:19 AM
From: Internship	of 47

3/3 mining articles Australian Vanadium including refinancing, joint ventures, and divestment. The company suspended operations at Woodlawn in March as it worked through a strategic process to get the best value out of the operation. Woodlawn will remain on care and maintenance until Heron and its shareholders agree on a solution. Heron believes that there is still “significant inherent value” in Woodlawn and that the suspension of operations is the right decision. “It has been a challenging time for Heron since taking the difficult but right decision to suspend operations at Woodlawn in March,” Heron chief executive Tim Dobson said. “It is pleasing that Heron’s key stakeholders have agreed to provide a clear runway and financial support to execute the strategic process over the next 12 months.” Throughout the strategic process, Heron is also completing studies and engineering programs to optimise technical issues identified during Woodlawn’s ramp-up period last year. The studies will include optimizing the mine design and scheduling, flotation circuit operation and water usage and balancing. To support the strategic process, Heron’s major shareholder Castlelake has agreed to provide Hero with a loan of $3.5 million. This, with the existing cash reserves, will provide Heron with sufficient working capital to get through the strategic process. asx.com.au miningweekly.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next