Hi BK, no I say they are the greatest management team on the ASX, please dont misinterpret my meaning, IMO they are and they will add shareholder value that will blow people away once the finance deal is corrected, Magna was a backup deal that ensured we took control of AK and that no other company could circle and perhaps try to Gazump us out of it, so what if it costs us a million dollars to ensure this happened, in the over all scheme of things, it will be a blimp on the radar, we have secured a gold resource that once JORC up could be around 30 million ounces that is the 25 million ounce estimate resource upgrade plus the nearly 5 million we have in AK and 2 other leases and that is without any infill drilling, once we drill the guts out of it who knows what the upgrade will be, next door is Kabilli a 20 million ounce gold play, sure in one way its been frustratingly a long wait however on the other end of the stick it has been very quick to what we have achieved, Jason Brewer has done a fantastic job to get us to the point that was his capabilities and has now handed over the reins to some pretty big hitters in the DRC mining industry, one in particular was the CEO of Ashanti when they decided to put AK in the waiting room while the gold price was down, why do you think he grabbed it as soon as they decided against going forward with it, 173,000 metres of drilling core, 70 million USD worth of equipment, untold amounts of data all for free, and the focus is on a 4.75 million USD loan from a company that wants a quick buck but ensured we have control of it now, we can also invest a little more to pick up an extra 23% of the company from memory, strap in its coming
VEC Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
