Appreciate for your concern . -I'm not only read the past 9...

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Petertkd

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23/07/18

19:40

Post #: 34525514
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Originally posted by Oversee ↑

That balance was for end of March. So if you minus the company’s own estimated outflows of $423k to 30 June it leaves only $445k, or not much left in the kitty less a further $140k odd (quarterly spend divided by 3) for July that is now at an end. Certainly not enough to fund a hundreds of hole drilling campaign that they are proposing. Not really enough to pay much at all except maybe a few some guys sitting around a desk “reviewing” and re-wording for announcements old data (which, when one reads the past 9 months of announcements, is actually all management have really done with this project since this “fast tracked” opportunity was announced last year). Indeed, I would like to know why Ms Hunt resigned as director out of the blue recently and whether it had anything to do with the way the company operates financially.

Plain and simple, the company needs cash urgently.

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Appreciate for your concern .

-I'm not only read the past 9 months of announcements.
I've read and re-read all announcements since 2012 .
Starting with Prospectus on 12-07-2012 - Extension offer on 07-08-2012...so on .

-Get in at this level 0.8c + accumulate + Waiting for drilling results + Approval for 2 WA Cobalt +Scandium Projects .
VIC will re-rate in short term.

Your strategy seems difference with mine .

IMO+DYOR.

Cheers.

Last edited by Petertkd: 23/07/18

VIC Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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Appreciate for your concern . -I'm not only read the past 9...

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