VEC 0.00% 1.2¢ vector resources limited

Ann: Voluntary Suspension, page-123

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  1. cfp
    2,919 Posts.
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    pretty spot on mconsult, lets break this down a little more, we are currently sitting on 2 cents per share and there is a small CR going to occur at a slight discount with shares going for 1.8 cents per share, the backers who are funding us to the tune of $USD55 million any shares they take as payment of either principal or interest will be at 2.2 cents per share, thats at a premium to where we are at the moment, this is the spec end of town and 1 or 2 pips in either direction is of no consequence, how would you like to be invested in a mortgage broking firm at the moment, if we are worried about 1 or 2 pips here then it would be resuscitation time over there, one firm has dropped from a high last week of 1.07 to a low yesterday of 69 cents, things can only go up from here I think, we still have 3.2 million JORCed ounces and gold is currently trading at 1314.60 an ounce, I believe once this gets going it should rerate very quickly and all this talk will be like the SP and be long forgotten
 
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