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0.3¢ victory mines limited

Ann: Trading Halt, page-38

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Gman2

523 Posts.

128

07/09/18

13:54

Post #: 35466047
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Originally posted by setfire2thehive ↑

vic holders last 4 months: "why don't they do something"

vic: "does something"

vic holders: "why are they doing things!"

ps I hold and luckily Ita options and at .003c average. whilst I concede the drilling progress of current tenement was and is quite slow and delayed, it was also an eggs in one basket arrangement. find nothing and theyre in the red with no CR achievable.

for those that aren't aware CR's are a completely normal and essential part of an explorations company's business model.

1) acquire,
2) cr/funds
3) drill, (cross fingers for something)

it's is then either;
a) a duster. go to step 1
b) semi decent or bonanza repear step 2-3

4a) sell deposit
4b) take to production

1/100 companies go from 1 to 4b
19/100 might make it through to 4a

most end up in circle work between 3a and 3b. regardless the cr was required and should hopefully allow Atleast 2 cracks at something remotely of value. plus a cr of any amount makes vic look attractive, it's currently got no cash and no known resource so what would you preferr?

I'll take cash in the bank and 2 tenements of maybes.

SF2TH

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Well said.... what are your thoughts on how they will achieve the acquisition SF2TH?

VIC Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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