Personally I see the last announcement as an insult to shareholders. It is classic management 101of buying more time to get paid more money. Who couldn’t get a ‘letter of support’ to buy that land. Especially if it’s valued at 5m and you say if we get 100m funding we’ll pay 10m for that letter. What property owner would hold land they want to sell for another 6 months to see if VEM gets funding from US gov. Why wouldn’t someone else with cash buy it now if so good. This is a distraction to no March announcement as to ‘customers’ intentions re sample test. And basically let’s management do nothing to august and when we get 1.2m funding then blame US gov for not giving enough money to build bunyu. Classic nothing announcement with delay and disappointment written right through it.
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