Australia's largest stock trading and investment forum Australia's #1 stock forum

VIC

Click for more information

25.0%

0.3¢ victory mines limited

They should have enough cash to commence drilling - I'd imagine...

First 42 Last

Share
Profile

Follow
ura_bull

4,048 Posts.

550

23/07/18

15:28

Post #: 34521646
Share

Originally posted by Oversee ↑

Pretty certain there will need to be a large capital raising before any re-rate is on the cards. At this time the company doesn't have the cash to pay its admin fees until the end of the year, let alone drill any holes for the purpose of a re-rate.

Even when it does have money, it seems to mysteriously vanish in any event, such as all that money spent in Bolivia to only now write-off that prospect and the questionable giving of a US$500,000 (AUD670,0000) loan to Milestone and then "agreeing" over the past 2 years to, rather than have Milestone pay the loan back (plus the interest payable at 7% per year), now accept payment of US$160,000 only. That loan transaction is a loss of US$340,000 (AUD457,000) plus a significant amount of interest on that amount. Not a very smart or appropriate use of funds.

Expand

They should have enough cash to commence drilling - I'd imagine some early results to try and pump the SP followed by a CR is the most likely scenario.

VIC Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

There are more pages in this discussion • 176 more messages in this thread...

First 42 Last

Add VIC (ASX) to my watchlist

SPONSORED BY