VIL (ASX) Ann: Project Updates

Originally posted by caznac32 ↑

My Dear Caz,

You seem to take great delight in attacking me. I accept your vitriole and put it down to your frustration. We (SHs) all share the same frustrations as we are on the same side and suffer the same lack of information and the delay in moving projects forward.

I stated that I would stop posting because a number of HCers, including yourself, could not grasp that the options issued to Directors were not free. If they want to take up those options they have to convert at .025c resulting in a $1,500,000 capital injection to the coy (Us that is. Yes we own the company). At the general meeting which ratified the issue of those options, I had the Directors agree that they would give up their rights to their options should any Director leave the company without contributing substantially to the company. That was placed in the minutes of the meeting.

I hope the following allays the "suspicion" that lurks within you:

I started buying VIL at .041c. I have averaged down on numerous occasions and now hold 18mil shares. So you see, I am "just a mug punter". Just that I am a bigger MUG than most.

Late yesterday, I spoke to a member of the board who told me that an announcement would be forthcoming pre open this morning. I was given no detail as to content. If you or any other SH had contacted the company at that hour you would probably have been given the same info. Nothing sinister or suspicious about this.

I agree with you that progress appears slow at VIL. However,I am not qualified to criticize the board as I am unaware of the pitfalls that may sabotage their endeavours.

When SD deal was done, there was no sign of political unrest in Tunizia. You cannot blame ADX, or the VIL board for that any more than you can blame them for the Japan quake/tsunami.

CAZA is the operator of Bongo. It is up to them to advise VIL of flow rates. Patience champ.

As for my "factor" comment - I make no apologies. This forum is not for threatening to bash people.

Mental posted absolute, unsubstantiated garbage so I felt compelled to responded accordingly. I would/did not expect him to respond because he obviously could not.

Caz, VIL has a substantial suite of assets which it did not have a year ago. Given drilling success, we could see the SP appreciate substantially. We should all let VIL run its course and stop bashing the board, the company and other HCers.

I am not having a go at you and I am not your adversary. I wish you luck with your shareholding (your luck is my luck here). Have a nice day.

Miki