investment update

SPP now looking like a failure so mgmt heading to the UK and USA to look for capital.

Anyone notice the cash equivalents on the investor update?

400k left.

What has happened to the 10m draw down facility that would be done at 5c a share or higher...obviously now not available.

Flow rates at FP have still not stabilized.....oppies gone!

Well this whole thing has changed my tune that mgmt has been to overly optimistic and what they have relayed to us.

Many saw the writing on the wall....my biggest concern now for VIL is cash flow.

With Sep/Oct set for FP2 may relook then as it doesn't appear that this large accumulation can be proven up any further until FP2....bongo will take 60 days so i am now expecting much cheaper entry levels to pop up over the coming months.