Thanks Aus. I guess no surprise re the sheer incompetence! They will have real problems finding that white knight without first finding a pathway by which a truly competent team can be formed and with the whole thing being overseen by a seriously experienced engineering team. That pathway has to include a step by step way to profitable production that doesn't need $40 mill up front! Funny isn't it. With the initial float they suggested $7 mill or so was enough to get the plant up and running and profitable and with a 50% return on that investment per year. Now, after getting it all going, it supposedly needs $40 mill just to make it turn a profit at all, albeit with a slight increase in overall output. I'd be amazed if a truly competent operator couldn't do that for a fraction of that cost.
VXL Price at posting:
11.5¢ Sentiment: Sell Disclosure: Held
