Ah Monday. I wonder what drama this week will bring. Will the ASX reply speedily to HDY this week, perhaps by Tuesday or will the issue drag through the week until Friday at least. Obviously, despite the claims of Elligford that the VIC Board is working hard and trying to find a solution to allow the suspension to be lifted, that is unlikely to happen while the ASX is dealing with HDY. Or at least I can't see it happening until the decision about HDY's future is sorted out. I could be wrong. Perhaps the ASX can deal with the two issues at once but my gut feeling is that the ASX wants to deal with HDY first and then turn its attention onto VIC. In some ways the decision about HDY could be relatively quick depending on what the HDY BOD has offered to do. The ASX will probably have its bottom line about what should happen and depending on how close or better the HDY BOD's offered solutions are will depend on how the ASX responds. The wave of opinion and pleas from the HDY shareholders to the ASX should , in all justice, have an impact on their thinking. Whether the pleas carry any weight in the system and the regulations governing the situation is a matter I am not sufficiently conversant with to offer a judgement.
VIC Price at posting:
0.5¢ Sentiment: None Disclosure: Held
