Ann: Company Update, page-11

Positives in the announcement is we are going drilling. About bloody time, but it better not be mining shareholders and exactly who are you now raising money with (i.e that 10% at the AGM which is standard practice - who is going to provide the funding and get that cleared with the ASX before you do anything).

So, the Sept CR not going ahead but we are in suspension because of HDY.  And by the way Vic you may not consider them related parties, but they are essentially affiliated parties that you always deal with so for all intense and purposes they are in effect related in the legal sense so the ASX is right (in this case the affiliation and continued affiliation and links of the VIC Board in this play and other entities where he same affiliation seems too ccur makes it related regardless of ownership - ask your own SH whether they consider it an affiliation, dare you).

Having said that the Ann doesn't make sense - if the only issue was the CR, and that is no longer going to happen the way it was intended to happen by VIC back in Sept, and therefore no actual reason for VIC to stay in suspension (regardless of having the same people as HDY) we should be trading.  So exctly why is VIC still in suspension - what deals are specifically related to VIC that the ASX remains concerned with.  That is why I remain confused.

All IMO