Ann: AGM Presentation, page-22

I'm still here because I back them based on personal interactions generally (investor event at conference) but that was the biggest stuff up that could possibly happen to these kind of finds, and specifically was what they said could never happen in their portfolio, because it was later stage and they had all these safeguards. Which amounted to zero value because of what is really their lack of skill or a structural failing. >10% of NTA revised up then 2 weeks alter written off and no heads shown the door and no real explanation and assurance as to how can't happen again. I mean really, why would anyone trust their ability after that? So I can't see 90c before a realisation, and even then they'll just pay a divvie and the NTA will fall further again. They need to prostate themselves, re-engage and revisit the market, then show some exits. Their valuations or those of 3rd parties mean jack. Plain and simple