Comment by
Stratocheif on Jul 11, 2024 8:35am
And how is Victoria gonna do that if they have no money and the banks are demanding repayment of debt due to default. One can see this is a downward spiral involving all who want from victoria and victoria unable to meet those demands. Forget about victoria rising from the ashes. They're going to be eaten alive
Comment by
rkhosla on Jul 11, 2024 9:19am
I believe you meant 'death spiral'. Circling the drain.
Comment by
robert41 on Jul 11, 2024 10:01am
Their float is low the big boys will happily finance it if the Gov and FN don't want it shuttered for ever. My guess is the 500 jobs are important and someone will fix the problem just a matter of who.
Comment by
kegman on Jul 11, 2024 10:21am
Not until the enviro is done Rob. This is not just economic it is well beyond that now. Political ramifications as well. This is the North. Money is not the big factor, power is. (Not hydro) VGCX is dead. It is just a question now whether someone with Mangino this at pennies on the dollar.
Comment by
robert41 on Jul 11, 2024 10:48am
Yah I agree kind of what I said... money dictates Power in my view... once there's clarity enviro etc the big boys will love investing in this. I doubt this gets moth balled let's see.. still not a buyer but it's getting tempting...