Totally agree Gryphon1. Todays market response to this ann. leads me to believe that a cap raise is imminent, 1.7 mil in the bank back 31/12 and as per qtrly VIC's expected cash burn rate of 0.7 mil for the next qtr would leave them only 1mil in the coffers at end of March.
Long term with positive drill results VIC will do well just short term with a sampling program to happen before drilling to commence and expected cap raise we might see some downward pressure in the SP IMO.
Totally agree Gryphon1. Todays market response to this ann....
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