The company is acquiring a world class gold mine (Adidi Kanga) which was owned by AngloGold Ashanti, they had spent $550m on it. Had two projects on the go and had to lose one or risk losing both, their lose our gain!
As for share price after the deal is complete, well it ran to 4c months back, so anything is possible. I think 3-5c short term is well achieveable. But I’ve been around for a few years and rarely see a SP hit what people expect after announcements, so don’t go banking on an instant jump.
VEC Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held