IMO it would be a bad move for VIL to sell out to Gulfsands until FP is known to be a commercial operation. Unless the price being offered "well" and truly outweighs the risk.
Buying shares in VIL today does not give s/holders two significant events for the price of one. FP is delayed and capital injection required. So they need to be treated separately.
If SP well is commercial it will be a massive de-risk for VIL with plenty a blue sky ahead.
But if it is negative news, shareholders in VIL are in all sorts of problems. Drop in sp, need to either raise cap for FP, or possibly farm out FP - which may not be easy. It would be a very grim outlook indeed. Their c..k is on the block.
ADX for me.
VIL Price at posting:
0.4¢ Sentiment: None Disclosure: Held
