I agree with the view that VIL will complete a cash raising. As is known they have less cash and cash flow than GGP, although on the other hand they have less fingers in different pies.
For FP to have a second well VIL will need extra cash, or alternatively relinquish a percentage of the possible prize from a second well...Either way the share price is going to be pretty soft until further test results are received and cash flow from FP1 is realised.
VIL Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held