Saw that. Pretty broad all encompassing statement that most...

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georgehall

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31/10/18

14:16

Post #: 36333609
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Originally posted by Sentia717 ↑

Originally posted by georgehall
Maybe not optimism, I just had a plan when I bought in, and this latest news means I can stick to that plan.
Well georgehall I hope you have taken into account the little "out" clause they have tucked in there in the "fine print". I think we may find that conditions alter or they will find some other great prospect that they think will drag in some more money to milk with overtime rates and trips away at the weekend.
Have a read through the "out" clause.
"The above table is a statement of current intentions as of thedate of this Notice. As with any budget, intervening events (including explorationsuccess or failure) and new circumstances have the potential to affect the mannerin which the funds are ultimately applied. The Board reserves the right to alter theway funds are applied on this basis."
May seem a perfectly normal thing to have in there as a provision in case something crops up but I'm sure that it will be invoked if VIC gets back milking and finds an attractive excuse to deviate from its outlined plan.

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Saw that. Pretty broad all encompassing statement that most companies would use when trying to outline a budget based on some unknown eventualities. First round of drilling could be a fizzer, therefore reallocate the funds elsewhere.

VIC Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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Saw that. Pretty broad all encompassing statement that most...

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