VEC Vector Resources Limited
Price: 0.008 Market Cap: $ 10million
VEC has recently conducted a capital raising for $787,000 at 0.005 to accelerate Maniema Gold Project 4000m drilling program and conducting due diligence on potential MAJOR NEW PROJECTS acquisition in Democratic Republic of Congo
VEC is also preparing for the initial 2,750m diamond drill program at the Company’s Kabotshome Gold Prospect. The Kabotshome Gold prospect already has an Inferred Mineral Resource estimate of 6,966,000 tonnes at 1.9g/t Au for 421,000oz with a 20g/t Au top-cut.
Opinion: BUY at $0.008 , Target $0.03 , potential gain 275%
Explanation: Chart show high volume upbar at 0.007c- 0.009c. About to breakout long term downtrend at 1c.
Short term catalyst: upcoming newsflow from gold diamond drilling and potential major project acquisition.
Director holds 250million shares through his related entity. Director also tweeted that he is currently in Democratic Republic of Congo supervising the drill program and investigating copper, cobalt and lithium tenements (potential hint giveaway for Major Project acquisition)
Haha great post, VEC flying today, great tip.
Great write up on VEC