VMY 0.00% 19.0¢ vimy resources limited

Ann: Managing Director & CEO Change, page-84

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  1. 3,325 Posts.
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    I believe December 16th 2021 is the date that “substantial work” needs to be done.

    These activities include, but are not limited to:

    access road upgrade
    ground clearing
    main communication tower, communications hut and access road
    construction of Kakarook North Borefield
    stripping and stockpiling topsoil for Ambassador North
    clearing and grubbing vegetation
    operational airstrip



    Mike has previously said VMY is the one that determines what is “substantial work”, but some have doubted that claim (as it doesn’t make sense for the company to be the ones determining this)

    The three WA government approvals are a prerequisite for the work to be done.

    so I think there’s quite a bit to do, and it all takes time for machinery, contractors, building, etc - assuming there are no major delays

    some people think it’s already too late that the approvals have still yet arrived (was initially expected end June) and have sold their shares

    others are still confident and holding

    hope that helps, and if anyone has more information or can clarify/correct my post, please do.



 
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