Lavender, agree with your sentiments in general.
The clincher for Valad will be restoring full confidence of the insto's. Not rocket science I know but if you reflect on:
Market accouncment dated 23 June 2008
Market announcement dated 26 August 2008
Market announcement dated 9 October 2008
...you'll see why the insto's cleared out in a big way - Fundies are the first to fly if they are in a butt covering frame of mind.
If they can get past the gatekeepers again to the rivers of gold it'll be happy days!
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