Well done Sarah Smith, page-13

Not withstanding the satisfactory response HDY has submitted including its willingness to subject itself to a wholesale ' third party ' review of corporate processes , I can throw in a few other good reasons for the shareholders of the two companies to feel more positive moving forward. One would be the the obvious job of getting on with developing their prospective mining assets. My other reasons's would be as follows:-

In this present economic climate , I don't think any business can afford to just shrug off part of a business revenue segment which represents 26.8 % ( $220.6 million ) of its total revenues from operations of $822.7 million. I am referring of course to the ASX which reported that the key component of operating revenues being ' Listing and Issuer Services ' increased 14.5 % in FY18. So retaining revenues for any business including the ASX, no matter how small it may seem is significant given the present market conditions for the small cap sector. The reason of course is their fee structure which is largely tied to the Market Capitalization categories with HDY and VIC falling into what would be considered to be a faster growing category in 2019 being that of the 10 Million or under.

I think it is fair to say that the amount the ASX currently receives for the MC categories of $50 million and $100 Million will be squeezed and under pressure in 2019. With revenue from Capital Raises set to diminish in 2019 , the fallout from Market Capitalization reductions from ASX annual fees of $45,001 ($100 million MC's ) and $34,654 ( $50 million MC's ) - all the way down to $26,376 for companies like HDY and VIC with MC's of $10 million or less. With this in mind , these sorts of movements could very well result in a reduction in ASX annual listings fees and result in an overall reduction in revenues from operations of at least 5 - 10% in 2019. So , I would think the better decision for the ASX would be to retain if not possibly allow the smaller cap structures to grow their businesses and in this case with HDY and VIC to grow based on their true mining and tenement potential. I would also hold that there is nothing wrong with a small cap miner seeing an opportunity in the latest 'Hot Trading Commodity ' -grabbing it and progressing it forward in the interest of making money for ALL shareholders and / or stakeholders. Isn't that what we all do in so far as trading these sorts of stocks.

In so far as raising the necessary capital to continue with this - I am of the view and I have said this before , that this whole trading suspension and ASX scrutiny has actually done us a all a potential favor in possibly setting the minimum CR pricing at .004 or say .003 with perhaps some additional free attaching options. And I am not really concerned with the dilution effect on the SP as this is what happens more often than not at this end of the market with a simple re-balancing of ones holdings more than offsetting this phenomenon.

We obviously now have only 2 trading days left to hear back on both VIC and HDY's responses before VIC finds itself requesting a further extension to its current suspension on 2nd January. So I would argue we can only be Hopeful as Hope is all we have going for us ATM.........