Baillieu Valuation of VEC, page-74

Hi Phildo I would have thought you'd know well enough that JB's strength is not in developing a project into production (given how much you post on WFE threads to that effect). His job was project acquisition and he's done that and now we're on to the new team to bring the project to DFS stage and beyond, coincidentally some of the same players that were on the project development and commissioning team for Anglogold Ashanti when they had the project.

The current sp volatility is due to free shares being liquidated by Magna and some others. We all know that and it's because they were free shares that the sellers aren't concerned with the impact on the sp when they dump.

It may well go below 1.3 in the short term, but at least for me the short term is not where I'm planning to sell.