VIC 25.0% 0.3¢ victory mines limited

Ann: Quarterly Cashflow Report, page-4

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  1. 6,289 Posts.
    lightbulb Created with Sketch. 2939
    By the way, delisting works the same as well as who will lend money to VIC?  Either way I see SH been screwed over. 

    The only way to recover any monies is to stay listed, obviously then the share is bottom draw for a long time as the company rebuilds, with the first measure needed is removal of the BOD and appointment of new Directors who the market might give some money to so VIC (and HDY) can stay on as a going concern.  At best if stays listed won't be recouping initial outlays for at least a few years IMO (but better than been delisted and/or in voluntary administration). 

    I wonder how VIC is going to respond when the ASX LOL hits it with a notice asking it to show that it is trading as an 'ongoing concern' in light of the money left in the kitty.

    All IMO
    Last edited by Scarpa: 24/01/19
 
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Currently unlisted public company.

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