vxl has been in a bubble there always will be some short selling as people take profits that's normal in markets as we all know
As for vxl there is a lot of upside to come just to have a established mine with infrastructure already in place is a big plus there are other graphite mines that are still drilling and planning there infrastructure to be designed and built all of this takes time and a far bit of time IE (planning ,engineering ,approvals , ETC ETC) and that's before they can get any product to market with lots of out going expenditure and that means credit raising which means dilution ETC ETC
So vxl is in a unique position of going to cash flow early with low expenditure just about every thing is in place and the company can be busy getting buyers for product which they are doing right now all good to me
and as the sp is falling for the moment well that's always a good time to top up IMO
So this company is just ramping up with close surface product under explored ground With a mine site to tidy up after being dormant since 1994 wont be long though The overburden is already off and stockpiled long ago no doubt they are busy onsite getting it all going again way quicker than building a mine So company will be in cash flow sooner than everyone else out there As i own other graphite company's and know how long they will take to get off the ground and get product to market These guys are streets ahead
Greatdrewman
PS good to see you here Towie and once that SB sorts his crap out you might able to get in And your input was always valuable Mate :-)
VXL Price at posting:
41.0¢ Sentiment: None Disclosure: Held