VXL 0.00% 11.5¢ valence industries limited

Ann: Initial Director's Interest Notice, page-2

  1. zog
    2,938 Posts.
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    See Bruno has now got rid of his shares.  This looks like an error in the first notice.  Bodes problems for the value of our existing shares as the new directors lack alignment to the interests of existing shareholders.  Given the share price offered in the defunct RI I suspect we could be lucky to get 1c per share; we shall soon see.   I previously posted a really good paper
    on the Uley deposit and the prior proposal (which never transpired) in 2000 (with Harbin Liumao) for a $6m refurbishment + $500,000 trial.  Interesting to see that between 1986 and 1993 Uley only produced ~1000 tons of product according to Researchgate.   Also that in 1993 they had problems with ore from carbonate and fresh rock zones; are these the stockpiles which VXL viewed as a means of proving the resource without mining at the start of the project?

    Researchgate paper on Uley in 2000

    The link SA government paper on graphite in SA shows that Uley production in 1991 was only 51 tons

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