VXL valence industries limited
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Some more good news from VXL. Pleasing to see this USD$20m...

  1. No_8
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    01/07/15
    10:59
    Post #: 15560708
    Some more good news from VXL. Pleasing to see this USD$20m facility is not contingent on the last CR and can be fully drawn after completion of DD.
    Also company has stated the $20m is structured as a standalone funding to be supported by production revenues. I read this as meaning VXL has sufficient existing funding in place to ensure working capital and capex fully funded through to full production from P2, and the replacement USD$75m facility will finance capex for P3 plus WC for P3 without recourse to further equity from shareholders.
    VXL Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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