If I had more confidence in the management team I would have been averaging down pretty heavily. I don't. I haven't.
I am personally relying on three things from this point;
1. Great drilling results
2. Managements rat cunning (clued up enough to be lifestyle directors)
3. Management's self Interest
I am damn certain they couldn't give a rats ass about retail shareholders. And they would think we are a joke.
The learning I have garnered from this investment is to research every single key members achievements of a company THOROUGHLY before investing a cent.
Not to proud to say I was not thorough enough investigating this rabble and considered geomagnetic surveys and "nearology" first and foremost.
If VIC is a complete flop which from this point is a 50/50 scenario, then that learning might recoup me a lot of money in the future.
The tenements are promising so all is not lost, it is a 50/50 bet from here...