Australia's largest stock trading and investment forum Australia's #1 stock forum

VEC

Click for more information

0.00%

1.2¢ vector resources limited

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

First 56 Last

Share
Profile

Follow
Big Kahuna 101

3,656 Posts.

265

28/03/19

11:54

Post #: 37912402
Share

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

Expand

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
3 Upvote

0 Great analysis

Reply

Top Stories

AXP

Tambourah chases gold veins and mineralisation extension with drilling

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 10 more messages in this thread...

First 56 Last

Add VEC (ASX) to my watchlist