VEC 0.00% 1.2¢ vector resources limited

“requests a trading halt in relation to adidi-kanga”, we had...

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    “requests a trading halt in relation to adidi-kanga”, we had legislative changes last year, no TH etc., there is nothing on the cards from this perspective even being considered in country so far as I am aware. Bug changes seldom come left of field , IMO


    Re Timing - if the delay until post vote was not coincidental, then it was due to another party delaying, not Vector. Also worth noting it doesn’t make sense to delay for a vote, as the decision won’t be announced or change of government applicable for some time... ao it’s probably coincidence IMO (I have long since held the view they wanted this some pre-election and I still believe that was the goal, so whilst it has an impact to relationships, strictly speaking it has no impact on the acquisition - why would it?). We can muse over hous of cards style plays in the DRC until the cows come home, but we’re probably better of talking about the acquisition, not a vote.


    My expectation is that this is signed, and I don’t expect we will hit the moon on Friday, because this is just the firsts check to give smart money confirmation to buy - which they will - then play and shake this baby hard while they get their fill and set up for the strong flow of announcements and re-rate that will be 2019 VEC - Resource upgrades to ??? 10-15moz? more?, confirm that equipment will save us $70m+ capex, remind us of the hundreds of millions already invested into this deposit - then give us the DFS / decision to mine... that’s the journey that will truly make this a monster, any bags in the interim will just be the appestiser.


    All IMO of course, let’s see that deal confirmation first, baby steps


 
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