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VEC

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1.2¢ vector resources limited

'Even if the smart money was still interested in VEC, they...

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Deboss

2,823 Posts.

4669

15/11/18

10:55

Post #: 36513973
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Originally posted by Jadis ↑

Originally posted by Deboss
I suggest that 'the smart money' who have faith in this Company continued to top up (and average down) during the period you mention above. So unless one has to sell, a paper loss at the moment means nothing in the long term clear.pngclear.pngclear.pngclear.png
BTW............are you going to the AGM?
I'd love to but all my "smart money" is currently sitting in the red waiting for "the announcement".

I'm kidding btw, I'm eyeing the door as soon as I can get a clean exit because I have zero faith in VEC long-term.

The acquisition was announced in December so my mistake, it's been 11 months. Took your advice and did some more research, found this:

"VEC is expecting to finalise the transaction documentation for the Adida-Kanga Gold Project acquisition in February". February was 9 months ago, meaning the deal is at least 9 months late when it was only expected to take 2. How many updated timelines have come since then? Which timeline expectations have been hit since then? Which announced goals have even been hit at all since then, outside of "closer to finalising the deal"?

Even if the smart money was still interested in VEC, they would've sold high and may have bought back in at 1.5c-1.8c, or they're happy to increase their investments elsewhere and just buy back in with a premium either tomorrow (It's coming guys!) or in 12 months (surely it won't take that long, right?).

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'Even if the smart money was still interested in VEC, they would've sold high and may have bought back in at 1.5c-1.8c'
Hindsight is a wonderful thing isn't it?
I am yet to meet ANYONE who can consistently pick the highs and lows of any stock

VEC Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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