In an interview/ article for 121 mining investment Simon Yound responded- “What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Cornerstone investors
Due to the significant growth resulting from our acquisition strategy, Vector is a significant takeover target. Vector is continuing to ensure shareholder value is seen but its shareholders and will continue to advance talks with interested cornerstone or strategic equity partners.”
Personally, I don’t think that VEC has an
intention of mining AK but rather adding it to a portfolio that ultimately makes Vector a very attractive takeover target. They may not have the capital or scale requiredy to fully implement these mines but do they really have to. Get AK to DFS point, offer up and sell out to one of the majors who has the capital to make it all add up
in a rising gold market.
You never know, I might not be right.
VEC Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
