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VEC T50, page-56

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Big Kahuna 101

3,656 Posts.

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28/03/19

11:54

Post #: 37912402
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Originally posted by cfp: ↑

once again, I dont think they are looking for other finance as IMO FT General is still pretty much in the picture, Magna was used as a backup in case of any hiccups, VEC management had the foresight to realise this was always a possibility and put it in place, I could be wrong about FT, maybe another company has come to the party with better terms than FT, I do not think for one minute that Magna will be here after the 90 days, and if it costs us 1 million dollars so be it, up to a 25 million additional ounce upgrade on top of the 4.5 million ounces we already have will smother any costs to Magna, they will be a blimp nothing more, well done VEC management on your hard work and the foresight to understand if FT had a hiccup we could still get the resource secured, its BOOM time

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So since completion we have now had 3 months pass without payment from FT.

At what point do you think they will start looking elsewhere?

58 days remain, GM notice due today, tick tock....

VEC Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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