Mungy you are right - the longer it takes the less money is left. Right now I think VXL must be down to zero, so I don't know how they are paying for anything. If hanna is right and there is an investor I can only conclude that it is the same "dragon" finance as LML which appears to be Regal Fortess Inc (through Saw Kee Guan of KST Partners, level 9, 169 Queens Street, Melbourne) and Peon Group Holdings (through a Jin Yan of unit 3208, level 32, 283 City Rd, Southbank, Vic 3006). Hopefully Chinese investors will have some idea on how to produce graphite are 95% - 97% purity in quantity but they will not leave much (if any) room for existing SH's. Maybe SER have some leverage through revertionary rights to Uley land and royalty.
VXL Price at posting:
11.5¢ Sentiment: Sell Disclosure: Held
