VEC 0.00% 1.2¢ vector resources limited

Ann: Extension of Voluntary Suspension, page-23

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  1. 215 Posts.
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    And at 1c I dare say you will continue to be scoffed at. There's no indication that any deal has fallen through, only that financial acquisition is well within the final stages. We last hit 1c well before A-K and the rest were even a twinkle in JB's eye. At 1c VEC only held the 60% owned Maniema project and with some slow drilling and no results. This thing would have to crash and burn hard to ever return to that value which, from all announcements over the last 12 months, is barely a possibility at this point.

    This thing is done and deadlines have been hopeless, ambitious and frustrating all along the way. All that tells me is that management were too eager to complete the deal and weren't thinking rationally at the time (a little excited by their own prospect maybe?). Anyway, we continue to wait. Although unlike most others and based on our track history I am not expecting this thing to fire out of the blocks so good luck to all the day traders. VEC for me is a LT stock, hopefully with slow and steady gains.

    All IMO, take from it what you will.
    C@p
 
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