Not having a geologists report (and also SH agreement for the...

Not having a geologists report (and also SH agreement for the acquisition because of the fact SH not having that report) is a red flag.  It actually says that either a 'mates deal' was done or the Board is utterly and totally incompetent.  Seriously unless they can see the cobalt in the assays with their superman xray vision nothing to see here folks LOL. 

I think the ASX will say they are 'mates' and whilst the parties may be unrelated physically legally there is an 'association' that makes, all things equal, akin to be related partiesin a legal sense.  As a result, I expect similar to HDY been either the transaction is i.) reversed out, ii.) VIC will be required to put it to a SH vote, but iii.) can't see the shares been put in escrow as they have already been sold (given how long it was since the transaction).  Delisting a possibility as well if ASX not happy.  All IMO, but we'll find out soon enough so hope your right and I am wrong.  All IMO