Ann: Extension of MOU with AJLAN, page-46

I was in TVN because of the promise of a V/Ti mine with the lowest cost of production.

I still believe in VFRBs but it became clear that the old management (Burton incl) couldn't work anything out. His reputation was shot among most (if not all) stakeholders from traditional owners, EPA and gov level. Shareholders got rid of him and the new bloke took over, not even he can make it work and I actually think he's a high level operator.

I no longer hold TVN.

I kept assessing my/their position and got out. Its OK to change your mind.