Originally posted by Zestfulmocha
Originally posted by Ace-sti
Watching today in no order
VEC - More or a study - way to hot to touch that for me could boil over by lunch but who knows!
AMS - Positive ANN and i like this newcomer could blow away lots of people and tightly held.
E2E - Continues to gain interest and has held firm on its recent gains (oppies keep getting gobbled up and increasing)
DNA - Could continue today to offer some form of gains today
GLTA!
FWIW fundamentals on VEC are very solid;
-3.2moz gold resource in DRC (anticipated resource upgrade anywhere between 10-20moz)
-100m equipment on site
-Project fully funded for next 9 months to DFS, all dilution from the funding is escrowed for 9 months too so no insto P&D risk
-Anglo spent 500m+ on exploration about 5 years ago
-ex-MD of Anglo is our JV partner MD, also chairman bank of Africa
some big players and big names involved on this project.
There's a lot more too it, but basically VEC was trading at 2c ($28m MC) because there was LONG delays in completing the acquisition so many people were uneasy of the risk, plus elections etc. but now project is de-risked people are hanging out for the re-rate.
Only 'comparable' project is probably WAF, lower grades smaller resource, about 6-9 months ahead of VEC but ~$200m MC (and arguably still undervalued). Resource size and output, assuming DFS decision to mine goes ahead, is probably comparable to Kabali gold mine DRC.
Just my 2 cents
Disc. Been holding this for a year - not a day trade for me, an STT gone "Wrong"
Take the money and run zesty! I wish I kept holding but that's how the cookie crumbles sometimes. If I was still holding I'd sell the open.
