Ann: Commercial Urea Production Contract Awarded, page-136

VVX, why do we need new blood, what's wrong with the old blood?

Stage 1 - They, on the current evidence, have sufficient funds, and a team doing design, acquisition, construction and commissioning.

Stage 2 - Another team working on the BFS, environmental issues, and assisting in fund raising.

They have a letter of approval from a large investment bank. They have expressions of interest from financiers and fertiliser companies.

At this point in time, what more do you expect?

They have to deal with hard negotiates, and perhaps an evolving fertiliser industry and changing farming practices.

Give them a break. The share price is just collateral damage, hopefully short term.

One thing that concerns me though, is that the confidence of the BOD is magnified in the minds of shareholders hungry for quick results. J L.