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Baillieu Valuation of VEC, page-298

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21/03/19

17:07

Post #: 37842713
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Originally posted by Jadis ↑

This is the part I think cfp is missing; VEC is probably closer to turning off the lights than it is "$26billion in profits", with a tight deadline looming and dilution being the only barrier.

That could very quickly change if funding is secured, so I wouldn't call it a tail spin or death spiral, but right now we're approximately 60 days away from a very serious problem, with Magna being a clear red flag.

I'm not suggesting VEC is a lost cause or that the end is nigh, but we're down a lot of SP value with a nasty potential event on the horizon. It could instantly 180 with LT finance being secured (actually secured, not just in name only with a failure to provide funds when needed), but the AK profits are far from a sure thing until finance is sorted.

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I would love to know why JB left (resigned to appease whoever complained about “left”

To me it seemed odd.
“Job Done” with hindsight, doesn’t wash!

VEC Price at posting: 1.1¢ Sentiment: None Disclosure: Not Held
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