Originally posted by apkjm
Hey Zig clear.png I got asked on the Bird about the last pump , my reply was why ask me. I did not buy or sell anything, ask the day traders who load all the fake bid lines to suck in the punters ( The real dogs ) I've been here for two Years and I'm hoping to be here quite a bit longer.
: We do not know if this is a good announcement , the whole deal could of collapsed for all I know ( Don't think so though )
: Until the deal has settled , it is not 100% done , the Market clearly understood this.
: Until the deal has settled , no broker would touch VEC ( Simple ) they can not risk it !
: Until the deal has settled , nothing else of any substance ( Value ) wise could be announced , I mean, you don't tell the World you just hit the Mother Load when you don't have ownership hey clear.png
:As for a SP predictions , I've never offered one here or on the Bird , just offer my opinion and research ( But yes the current SP is very disappointing ) and I would expect we will start to see some movement in the right direction finally if this is a positive announcement.
Monday we will all know I guess !
I think the market is waiting on feasibility studies and specifically AISC and start up costs... From what I remember, the AISC that I read from a report by anglogold is in the vacinity of $1200, which is quite high...That's probably one of the reasons they didn't develop it... If $1200 is true the gold price needs to get up to over $1500 imo... There must be some very high grade gold in the ground for the whole resource to total 6g/t, so maybe they could reduce costs by digging the high grade stuff first...
Lol
