Ann: Half Year Accounts December 2018, page-52

All finance approvals are valid for a certain amount of time before they need to be resubmitted and re assessed for approval again.

VEC had delay after delay...all of which was out of their control IMO.

Therefore what I believe we have presently is an interim deal while a more favourable finance deal is sort.

SP reflects the nervousness of the market.

Watch that turn when a better finance deal is announced...