Baillieu Valuation of VEC, page-25

If I had the spare coin atm it would have been me buying at these prices!
I've got an average price of 1.5c for my current parcel and am not concerned with the current sp fluctuation given that we know it's not moving due to fundamentals, it's moving due to people liquidating shares issued to them in lieu of cash...
If an insto wanted to take a decent position in VEC, this current period of sp fluctuation is a great opportunity to buy at a discount to fair value of the company's projects, then can do a deal on financing to take out Magna to protect the sp and be a hero, whilst at the same time realising a sizable uplift in value for taking out the big bad wolf!