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