[miningmx.com] – VILLAGE Main Reef (VMR), the mining investment company, had survived a restructuring process started in June, said BDLive citing the firm’s CEO, Ferdi Dippenaar.
Announcing interim results last week, Dippenaar was quoted to have said: “The biggest takeout from these results is that we have survived.”
“The restructuring process resulted in significant cash outflows and our focus during the next few quarters will be on optimising operational performance, restructuring our asset base and strengthening our balance sheet to allow for a resumption of our growth strategy,” Dippenaar said.
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