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VEC - Vector Resources

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Wow, a very good announcement, my broker at DJ Carmichael told me his analysts were suggesting it's one of the best gravity survey results they'd ever seen yet the heads haven't even registered a single trade and the oppies are DOWN. I really can't understand what investors are thinking sometimes, why would you sell on this announcement? Crazy.
 
Another positive ann fro this explorer.Is aquiring the adjacent grounds at its Colombian Iron sands project and states tha this project alone has the potential to produce 1-1.5BT of mineral sands.Also appointment of of Chinese market specialist and a separate new appointment of a Specialist Project Geologist.This project as stated by company in previous anns has the potential to be a low capex fast start up.The next FMG?!Dont forget they have some interesting tenemnts in WA which we will soon have some news from
 

Yes, really good announcement. I've recently learnt that their Fe on the WA tenements is hematite, most likely DSO. Is this true?
A BHP report from the 1970's suggested a likely resource of one billion tonnes in those WA tenements so if that's anywhere near accurate and the Colombian estimates also end up being reasonably accurate then VEC will have a massive resource on their hands (and our hands!)
Things are looking mighty positive...........
 
Nothing on Vector for 4 years.

There is a whole bunch of directors interest notices here for purchases of 300,000 share lots on market.
http://www.asx.com.au/asxpdf/20120703/pdf/4276mv31nv93fn.pdf

Vector have been pumping out drill results from Gwendolyn
30 May 2012
 Significant intercepts include:
• 5m @ 253.33 g/t from 24 m including 1m @ 1,165g/t from 26 m;
• 1 m @ 56 g/t from 0 m;
• 1 m @ 17.99 g/t from 17 m;
• 2 m @ 16.6 g/t from 51 m;
• 12 m @ 8.38 g/t from 0 m.

15 June 2012
Significant intercepts include:
• 8m @21.11 g/t from 61 m including 1m @ 141.37 g/t from 61m;
• 7m @ 11.9 g/t from 81 m including 1m @ 40.5g/t from 81 m and 1m @ 20.7 g/t from 84 m;
• 12 m @ 3.38 g/t from 60 m;
• 5m @ 6.4 g/t from 93 m;
• 8 m @ 3.1 g/t from 92 m;
• 13 m @ 1.19 g/t from 52 m;
• 3m @ 10.9 g/t from 12 m.


25 June 2012
Key Highlights
•Gwendolyn resource significantly increases to 214,500 Au ounces, a 544% increase since June 2011 and a 92% increase from the December 2011 update;
•Mineralisation continues to be open in all directions;
•60 Phase 3 RC holes awaiting total hole sample results; and
•49 completed RC holes awaiting partial hole sample results.

04 July 2012
Significant intercepts include:
• 4 m @ 47.99 g/t from 33 m including 1m @ 191 g/t from 36 m;
• 8 m @ 26.87 g/t from 4 m including 4m @ 51.83g/t from 8 m;
• 16 m @ 3.15 g/t from 112 m;
• 10 m @ 1.19 g/t from 19 m;
• 8 m @ 1.72 g/t from 84 m;
• 5 m @ 2.68 g/t from 40 m; and
• 5 m @ 1.31 g/t from 19 m.

More assay results still pending from laboratory.

Surely this is undervalued for a company with a MC of $17m?
 
Some pretty good grades there springhill. Low MC but low resource base to date. Old rule of thumb is around 1-2m oz au for something to be worth digging up. Capex for a mill can be quite a bit and Opex around $500 a oz. While some of those grades are amazing the overall resource is only around 1.5g/t. It would need to be very near surface to be feasible I think. Will do some more research but on the surface of it needs many more ounces or definite potential through very good step out drilling to be prospective.
 
VECTOR WELCOMES STRATEGIC PARTNER

*Chinese backed group takes strategic stake in Vector through two tranche Placement;
*Placement of A$4 million for 19.9% stake in Vector;
*Group will become a key partner of Vector, who are rapidly progressing WA gold project to production;
*New investor has ability to facilitate the plant procurement and provide associated infrastructure to take Vector into production.

The Placement will be completed in two tranches:
(i) Tranche 1 – 30,847,874 Shares to raise $2,467,829 to be issued under the Company’s 15% placement capacity under ASX Listing Rule 7.1; and
(ii) Tranche 2 – 20,242,664 Shares to raise a further $1,619,413, together with the 51,090,538 free attaching Listed Options, to be issued following the approval of the company’s shareholders in general meeting.
 
I would have thought the price would have jumped today with such a positive announcement. Wary.
 
Life back in VEC. Looking at recent announcements they should manage to pick up a majority share in a 6g/t multi-million ounce deposit in the Congo that was abandoned/sold by Anglo Ashanti a few years ago. I'm sure its more complicated, but at a $30-$40 million market cap this is good value.
 
Vector Resources has just been placed in a trading halt. Volume and share price has been increasing over the last couple of days. Good news coming?

 
Interesting …. The Company says the trading Halt is in relation to a price query from the ASX so I assume we will see that tomorrow (today)?

ASX has jumped on this one quickly given it only risen about 25% over the last couple of days.

They are still waiting on some assay results from recent drilling …. These were expected last month so well overdue so SP spike likely speculation on that.

They had some previous nice widths and grades of 20.25m at 2.5g/t (from 319m) including 8m at 4.03g/t and 21.7m at 3.58g/t (from 354m) including 5.7m at 8.74g/t so it would be no surprise to see further success …… we shall see.
 
I expect good news. But more about the acquisition of other past projects rather than the current sample results. The people behind vector appear to be very good with social media. For some its a red flag (I wonder if it's contributed to speeding ticket) however I believe they are sitting on assets which are too good to be left in the ground.
 
Happy with latest release. I believe the complexity of their funding arrangements and ownership structures has scared away investors. The average joe can’t calculate a basic ‘EV/Oz’ valuation on them. It’s a very much a wait and see company now. If they get Adidi started.... even if they could get a few rigs drilling Kibaki south....
 
Huge volume of 48 million shares traded today for Vector Resources and a share price gain of 19.05% but there has been no news announced since 5 September when the company provided an update relating to VEC's acquisition of a 60% interest in the Adidi-Kanga Gold Project.

The last week has been a good one for VEC but today's high volume and gap up has me wondering if there is some good news around the corner.

 
Barrick acquiring randgold will be an interesting twist as it will increase the number of analysts looking at randgold/kibali and the congo. Vector will obviously come up during any of that analysis. Share price holding up well and would hope before Christmas they can put out some indicative timetables and project costs for the adidi project.
 
In VA. Darn - Win some lose some - Not surprising considering it was suspended for nearly 2 years and operating in the Congo. Vector is a good reason why I only ever invest in 2-3 juniors at a time. hopefully the silver lining is that this can be wound up before the EOFY for tax purposes.

Doing some more research in to the company and there were definitely some interesting people involved. Usually when stockswami starts tweeting about a company it doesn't turn out too well. If I knew then what I know now I wouldn't have invested.

I wonder how a gold mine/deposit that was actively being developed 8-10 years ago when gold prices were significantly lower is still sitting there undeveloped/unfinished today.
 
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