Vette claimed that is what Elmer told him, a claim he has made literally dozens of times. I stopped listening to Vette precisely because he was either a) uncritcally parroting information from Elmer obtained from phone calls, or b) making some or all of it up. Personally, I have no reason to believe a seasoned CEO like Elmer would repeatedly reveal incorrect or false information over the phone. That is actually inconceivable, and ironically, by accepting Vette's claims at face value, a person is accepting that Elmer is providing incorrect information. As I said, I don't belive Elmer is giving this information.
I agree, capex has been the issue since July 2011 and only the BFS will answer it.