Hey John
I know of 8 ASX listed small cap mining companies currently in suspension from the ASX for breaches, most for over 6 mths and no resolution insight.
4 companies have grouped shareholders to claim 5% plus holding, others just gave up.
Some investors are influenced with emotions and choose to believe what they choose, and are entitled to do so.
In realality:
1: VIC has been suspended for about 5 months
2: some shareholders want the BOD replaced
3: the company has no money
4: company has no income
5: ASX has its claws in.
6: ASX want to crusify the current BOD
Think about this....If you did not currently hold VIC shares and you were to put a current value on VIC shares, what would you value the stock?
IMO
Current Shareholder emotions = yes but we have assessts (or are they licences) will be the reply.
Realality shareholder = At best, any new management would take 2 yrs plus to pull this back into line.
Serious Realality shareholder = Arrivederci Roma, good bye, good bye my love, it’s over.
Fight or perish is the question you must ask yourself.
Good luck to All VIC shareholders and I sincerely hope I’m wrong.
VIC Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
