Ann: Half Year Accounts December 2018, page-31

I don't see the positive in not achieving desired outcomes, however I remain optimistic that those outcomes are not off the table because the pot of gold at the end of the process is the real outcome we are looking for. What has happened is not ideal by anyone's standards but before we get into the death spiral we need to be mortally wounded. ATM we may have taken on fire but the war isn't over. If after the 90 days we don't have decent secure finance deal then I agree it will be difficult. Still not impossible but the dilution will potentially mean difficulty in raising working capital. Until we know which way financing is going I am happy to sit on the sidelines with what I have and look to possibly increasing if the SP drops low enough on no news. If we were just speculating on whether there is gold then maybe sub 1c is fair price but we know whats there and what further amounts are possible and probable. ATM the only thing standing in VEC's way is the financing. Lets see what happens in this regard before writing the company off.