why no news !

After the failure of the first drill of Fausse Point,I believe that the bulk of the blame in the delay of this project is due to the non interest of GGP to develop it.
However, the non professional approach by the VIL management over the years is just as bad.

I am sure that Greg Lee would have been negotiating with GGP to settle the problem. Surely, the take up of the rights issue offer would be minimal due to the failure of our management to update shareholders about the current position of the development.

Perhaps, the closing date of the rights issue would be extended to give management time to release some good news (fingers crossed). So far, I have not taken up the offer and will not do so unless there is a decent news update.

The AGM is on in 3 weeks and the two directors seeking re-election will be hoping for some good news.