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11.5¢ valence industries limited

mongy I've run deep value plays very successfully for many...

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ausheds

19,584 Posts.

4970

14/02/16

22:18

Post #: 17017526
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Originally posted by m0ngy ↑

"Simply a total lack of effective mgt has got VXL to this point, and after riding the Lynas saga I'm kicking myself (big time) for not recognising it much earlier.

So you should be ausheds but you still think its all about management and changing this person for that. Forget that which is beyond your power to change. All you can do is buy or sell and to do that look at the bottom line. I sold out of VXL when i saw that they were announcing contracts, drilling, and upgrading the resource but behind all that they were sinking like a stone, it was all in their financial statements. 'Unley's good enough to drag us out of the kaa kaa'. Don't be too sure, you got it wrong before and could again. Ditto for SER.

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mongy I've run deep value plays very successfully for many years, financially VXL is not much more annoying than you are, but potentially a wonderful opportunity squandered, particularly for SA.

Pity the individual that takes any satisfaction from that.

VXL Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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