STTCOMP VEC, FA LONG
Market cap 16m, cash 800k
Gold explorer and hunting for major acquisition
Couple of simple reasons:
Gold Jorc 420,000oz at 1.9g/t. Drilling underway with potential to increase Jorc to 1m ozs. The drilling program is 2800m with possibly to be 4000m. This means once plenty of news flow.
VEC aiming to acquire a project/projects which might add significant value to their existing resource. In their last presentation they hinted that they will try to acquire 3m ozs of gold project. Many unknowns such as acquisition terms etc but if they manage to pull it together it will be good for share price.
I am happy to hold for both reasons. One of the above mentioned comes good share price will do really well.
