VIC 25.0% 0.3¢ victory mines limited

Ann: Voluntary Suspension Extension, page-45

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 523 Posts.
    lightbulb Created with Sketch. 128
    Sentia717 - if you go to Vic's Ann dated 14/11/17 it provides details of the acquisition. on page 12 of that document it provides 'conditions precedent'. this means that the acquisition is binding subject to the 2 conditions, one of which (b) Vic having notified the shareholders within 30 days the results of the due diligence.

    on the Ann 24/11/17 - it discusses the due diligence and expedition of the same and the fact of getting a geology team down there

    5/12/17 - geology consultancy appointed and confirms desktop analysis etc. - although my issue is that it DOES NOT name the consultancy company, which, in my opinion, may be the sticking point with VIC and reason why we are in suspension

    then.... 29/1/18 - Ann advises due diligence complete and shareholder approval obtained etc.

    If they used internal or b$$s&&it consultants that are linked with EverBlu we may be in some hot water.... if it was external then I think in respect of the acquisition we are fine....

    it is on the above that I posted my initial post....
 
watchlist Created with Sketch. Add VIC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.