There's really not much else to say tbh. VEC lost 50% of its value and bottomed out at 1c, a predictable support level, and nothing at all has changed since then. The price has recovered a little but the finance still sucks, and the finance will either be fixed and the SP will take off, or it won't and the SP will dive.
Personally, I've never seen VEC hit a deadline and I find management to be misleading at best (where are all those updates that could be released once AK was acquired? A speculative resource upgrade and that's it?), plus they're atrocious at negotiating finance (e.g. paying a whole bunch of financial consultants to get them a dodgy lender with standard terms), so I'm not expecting much. Happy to be proven wrong, but as we all know I'm hanging out for a decent exit point.
Please don't interpret everything (like, for example, lower post counts on HC) to mean "SP about to take off!"
VEC Price at posting:
1.2¢ Sentiment: None Disclosure: Held
