Mr. Donal Forde:

In hindsight, I actually think that the focus we started putting on external valuations was part of our undoing. Because it was something of a house of cards, I mean, one auctioneer says it worth four, one says five and then a certain solidity begins to attach to that from a lending point of view when prior to that, I think there'd be a lot more rigour about saying "Actually well, we need to work out ourselves what this piece of land is worth" and I think more effort and more scrutiny and more challenge maybe went into it in the earlier stages when you didn't have the comfort of an external valuer saying this is worth X.