Don't get me wrong, I am ecstatic that they have communicated with shareholders and I don't underestimate how difficult it must be to get a project like this refinanced.
I do however think it is a little early to comment on how much the Directors have done since JB left.... It's hard to dispute that at a minimum they have managed shareholder expectations poorly... and that has left me a little cynical.
I purchased shares because I saw value in the project and I still believe that value exists. I am cautiously optimistic that the Directors can maximise that value.... "Imminently" would be nice!
VEC Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
